💢💥💫 TSLA is currently trading around 418.5 USD after a strong rally from the 340 USD area toward nearly 450 USD. On the H4 timeframe, price is still holding above the long-term EMA around 409.8, but remains capped below the short-term EMA near 422, suggesting the market is entering a phase of testing buyer strength after a solid recovery.



The area I'm watching most closely is 410-400 USD. This zone acts as both dynamic support and a key test of whether institutional money is still willing to defend the broader bullish structure. If Tesla can hold this region and reclaim 422-430 USD, the stock could resume its advance toward 440-450 USD.

From a fundamental perspective, Tesla received positive news from China. Reuters reported that Tesla's China-made vehicle sales increased 39.4% year-over-year in May, reaching 85,982 units, a sign that demand remains resilient in one of Tesla's most important markets.

However, short-term pressure is still coming from the technology sector. Nasdaq has weakened due to heavy selling in semiconductor stocks, while Barron's noted that TSLA recently slipped around 1.2% despite continued progress in the robotaxi narrative. This suggests investors are not yet fully repricing Tesla on future growth expectations.

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