Analyst sets date when Tesla stock will hit $500 base target
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A stock trading analyst has suggested that Tesla stock (NASDAQ: TSLA) will likely reach a base-case target of $500 later this year, citing strong technical signals. According to Peter DiCarlo, Tesla’s price action is forming a “higher high” on the weekly chart, an important bullish structure that indicates the current uptrend remains intact, he said in an X post on June 15. DiCarlo noted that his proprietary BX system is flashing green on both the weekly and monthly timeframes. A green BX signal reflects strong trend momentum, with buyers continuing to dominate short- and medium-term periods. Tesla stock price analysis. Source: TrendSpider Further strengthening the bullish case, Tesla is rebounding off a long-term ascending trendline, a sign that institutional and macro-level buyers are stepping in to defend key support zones. Notably, this rebound is occurring just above a high-volume node in the $180 and $200 range, which has historically served as a strong base for rallies. Additionally, DiCarlo estimated that this setup carries a 65% probability of leading to new all-time highs. Tesla’s next price target His visual projection points to a parabolic move forming through the summer, with $500 targeted by September. If momentum accelerates, the stock could climb as high as $650 by October, a potential 100% gain from its most recent close of $325. TSLA seven-day price chart. Source: Finbold Tesla’s recent rebound follows a sharp 14% single-day drop after a public fallout between President Donald Trump and CEO Elon Musk. However, the stock has stabilized, with both figures appearing to mend their relationship. Looking ahead, investor attention will shift to the upcoming robotaxi launch in Austin, Texas, scheduled between June 22 and June 28. To this end, Wall Street remains divided on how the stock will react, making the rollout a key catalyst for Tesla’s next…
Filed under: News - @ June 16, 2025 9:26 am