Tesla Stock Soars 5% – Trade Optimism and $300 Break Signal More TSLA Gains
Following a difficult start to 2025, Tesla stock TSLA seems to be picking up speed. The week ended with notable gains, suggesting...
Quick overview
- Tesla stock (TSLA) has shown strong gains, closing the week at $298.28, its highest level since late February.
- The stock experienced a nearly 4% jump on Friday, marking its third consecutive week of advances.
- Recent optimism was fueled by President Trump's announcement of a new trade agreement with the UK, benefiting Tesla's global market exposure.
- Despite a rocky start to 2025 with disappointing Q1 earnings, investor sentiment has shifted positively, bolstered by confidence in Elon Musk's leadership.
Live TSLA Chart
[[TSLA-graph]]
Following a difficult start to 2025, Tesla stock TSLA seems to be picking up speed. The week ended with notable gains, suggesting that investors are feeling more upbeat.
Strong Weekly Performance Signals a Reversal
Tesla (TSLA) ended the week on a high note, closing at $298.28, its highest level since late February. The stock jumped nearly 4% on Friday alone, building on a 5% weekly gain—its third consecutive week of advances. Notably, TSLA briefly crossed above the $300 mark, a key psychological and technical threshold, indicating increased bullish sentiment among investors.
TSLA Stock Chart Weekly – The 200 SMA Held as Support around $220
The market
Market Catalysts Reignite Optimism
The surge followed President Donald Trump’s announcement of a new trade agreement with the UK, as well as hints that more international deals could follow. This news gave Tesla and broader markets a lift, particularly for stocks with global exposure like Tesla, which benefits from reduced trade barriers.
Q1 Earnings Miss and a Rocky Start to 2025
Despite this recent upswing, Tesla’s year began on shaky ground. Disappointing Q1 2025 results and slowing global EV demand led to a sharp selloff. The company reported earnings per share of $0.27, missing the expected $0.42, while revenue fell to $19.34 billion, below the $21.4 billion forecast. These figures reflected both a dip in worldwide vehicle sales and aggressive price cuts aimed at maintaining market share.
Investor Sentiment Begins to Shift
However, sentiment has improved notably since mid-April, with positive price action supported by reassurance that Elon Musk will remain at the helm. Confidence in Tesla’s leadership, along with renewed enthusiasm around global trade talks—including upcoming negotiations between U.S. and Chinese officials—has helped to restore momentum.
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