TSLA Stock Goes From Slump to Surge—Tesla Rides EV and Autonomy Wave

Quick overview

Tesla’s stock is staging an impressive rebound, fueled by investor optimism over robotaxi launches and affordable EV production despite recent tech sector volatility.

Tesla Shares Rebounds as Robotaxi Hopes Rise

After a shaky first quarter marked by a steep decline in both global stock markets and Tesla shares, the electric vehicle giant appears to be writing a new chapter in its story. Tesla (TSLA) closed yesterday at $343.82, capping off a powerful 17.3% rally that began last Monday with a bullish gap driven by the announcement of a renewed U.S.-China trade deal. The stock added another 2% on Friday, finishing the week just shy of $350—its highest weekly close in several months.

While TSLA is down about 1.7% for the current week, it is still outperforming many major tech names. Advanced Micro Devices (AMD) has fallen around 3% in the same period, while Apple (AAPL) has dipped roughly 2%.

TSLA Stock Chart Monthly – The Uptrend Has Resumed After the Bounce

Compared to its $220 lows just a month ago, Tesla’s share price has surged more than 60%, rekindling bullish sentiment among investors. The 20 SMA (gray) held as support on the monthly timeframe chart, and after forming a hammer in  April, which is a bullish reversing signal after the pullback, TSLA shares have followed up with a strong bullish candlestick this month, confirming the bullish reversal.

Robotaxis and Affordable EVs Take Center Stage

Much of this newfound optimism is tied to Tesla’s push toward autonomy and cost-effective electric vehicles. CEO Elon Musk has reaffirmed his commitment to launching a pilot version of Tesla’s robotaxi service in Austin this June. According to Tesla’s Q1 earnings update, the new robotaxi—reportedly called “CyberCab”—is on track for production in 2025.

Executives also hinted that the upcoming low-cost electric vehicle will resemble the current Model Y or Model 3 and could go into production by midyear. Speculation is swirling that the company may debut a more affordable variant of the Model Y as its next major release.

On an April 22 earnings call, Musk emphasized that Tesla’s future hinges on scaling up both autonomous vehicles and humanoid robots. The message was clear: autonomy and affordability are central to Tesla’s next growth phase.

Weak Q1 Results Shrugged Off

Interestingly, investors appear largely unfazed by Tesla’s underwhelming Q1 financial results. Instead, the market has chosen to focus on what lies ahead—particularly the June robotaxi rollout and the ramp-up of cheaper EVs. Despite still being about 30% below its all-time high of $488, Tesla’s stock is gaining strength, with many analysts eyeing a move toward $400 in the near term.

Conclusion: A New Chapter Begins

Tesla may have stumbled early in 2025, but it’s now gaining momentum on the back of strategic innovation and strong forward guidance. As long as the company continues to clear key technical resistance levels and maintains focus on high-impact launches like the CyberCab and budget EVs, the long-term bullish thesis for TSLA remains very much alive.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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