Tesla Stock Rebounds on Powell and Musk’s Vision – TSLA Eyes $350 Breakout
Tesla shares staged a powerful comeback this week as dovish Fed signals and renewed optimism over autonomous driving reignited bullish...
Quick overview
- Tesla shares surged 5% following dovish signals from Federal Reserve Chair Jerome Powell, boosting investor sentiment.
- The stock has shown resilience, bouncing back from a dip below $300 and forming a pattern of higher lows.
- Elon Musk announced advancements in Tesla's Full Self-Driving technology, aiming for a significant release by the end of September.
- A sustained move above $350 is crucial for confirming a bullish trend in Tesla's stock performance.
Live TSLA Chart
[[TSLA-graph]]
Tesla shares staged a powerful comeback this week as dovish Fed signals and renewed optimism over autonomous driving reignited bullish momentum.
A Fed Boost for Tesla’s Rally
Tesla (NASDAQ: TSLA) returned to strength on Friday, jumping 5% after Federal Reserve Chair Jerome Powell signaled a softer stance at the Jackson Hole Symposium. His remarks, which traders interpreted as dovish, sent the U.S. dollar tumbling and lifted risk assets across global markets. For Tesla, already supported by steady earnings and long-term investor enthusiasm around autonomous driving, Powell’s comments provided an additional spark to keep the stock bullish.
Price Action and Technical Levels
The stock has been through a volatile stretch this summer. After slipping below $300 at the start of August, TSLA quickly found its footing at the 100-day simple moving average (red line), staging a sharp rally toward $349 by mid-month. A softer risk tone then pulled it lower again, but the 50-day SMA (yellow) acted as solid support, creating a pattern of higher lows—a classic signal of a potential bullish reversal.
TSLA Chart Daily – The 50 SMA Held As Support
With today’s rally, buyers are once again testing resistance. To shift the trend convincingly higher, bulls need to push the stock above the early August peak near $350. A clean breakout would open the way for stronger momentum as the Nasdaq edges closer to record highs.
Musk’s Full Self-Driving Push
Adding to the bullish narrative, Elon Musk revealed today on social media that Tesla is training a new Full Self-Driving (FSD) model with nearly ten times more parameters than the current version. Alongside this, the company is introducing a major upgrade to video compression, which Musk says will power the next stage of autonomy. He confirmed that Tesla aims to release its enhanced FSD vehicle by the end of September—a timeline that could mark a pivotal turning point in the company’s growth story.
Conclusion: Tesla’s rebound has been shaped by both macro and company-specific drivers. On the one hand, Powell’s dovish shift has bolstered global risk sentiment and given stocks like TSLA fresh momentum. On the other, Musk’s ambitious plans for autonomy keep the long-term growth story alive. With technical support intact and bullish catalysts aligning, Tesla now faces a decisive test: a sustained move above $350 that could confirm the return of a convincing uptrend.
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