Tesla Stock Rises 3.7% Following Elon Musk's Flying Car Tease
Elon Musk’s hint about a Tesla flying car prototype sparked renewed interest among investors, pushing Tesla (TSLA) shares up by 3.7%. As of November 3, 2025, Tesla stock traded at $456.06, reaching an intraday high of $457.65 and a low of $443.82, after opening at $446.57.
Stock Performance and Technical Outlook
- Shares climbed 3.7% after Musk described the flying car as Tesla’s “most memorable product.”
- The stock remains in a bullish trend, trading above its 50-day and 200-day moving averages.
- A breakout above $480 could push the stock price toward $500–$520 by the end of the year.
- If the price falls below $430, it risks dropping further to around $400.
Moving Averages Support Continued Uptrend
Tesla continues its steady climb above key technical levels. The 50-day simple moving average (SMA) is near $430, and the 200-day SMA is approaching $400. Staying above these averages signals sustained investor confidence in Tesla's medium and long-term growth potential.
Key Support and Resistance Levels
- Support is identified in the $430–$440 range, anchored by the 50-day SMA and the lower end of the recent trading range.
- Buyers have typically entered the market near this support level, limiting downward moves.
- Resistance lies between $470 and $480, where the stock has previously failed to hold gains.
- This resistance zone coincides with psychological price points and significant options activity, which may cause short-term pauses or profit-taking.
“The company’s most memorable product.” — Elon Musk on the flying car prototype
Tesla stock price showed dynamic movements from September 2025 to November 2025 highlighting investor enthusiasm post announcement.
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