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Tesla Stock Nears $300 with Momentum Score Above 3, Bull Flag Forming

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Updated May 2, 2025, 08:47 PM

Tesla Inc.'s stock, symbolized as $TSLA, has shown signs of recovery after a challenging first quarter, with its price stabilizing near $290. Market analysts have noted that the stock's momentum score has risen above 3, indicating a potential shift in its trend. The stock has also seen an 8 EMA retest and is forming a bull flag with positive gamma building.

There is anticipation in the market that Tesla's stock could soon surpass the $300 mark. Observers are watching for follow-through above this level, which could signal further bullish momentum. The stock has been trading strongly towards its recent highs over $290, with some market participants suggesting that a close above this level could lead to significant upward movement. Recent trading activity includes the purchase of 800 January $640 calls at $7.45, the sale of 2500 June $235 puts at $6.75, and the purchase of 1000 June 2026 $730 calls at $12.80 to $13.05. However, there has been selling pressure on June $365, $375, $385, $395, and $400 calls as the stock approaches the 200-day moving average and the $294 level.

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