Tesla Extends Rally: 454 Dollar Level Reached as Momentum Accelerates From November Low

● Tesla shares are picking up speed faster than many expected, building on the momentum that started from November’s swing low. The early wave is developing with impressive strength, and that steeper climb typically points to higher price targets down the road. Right now, TSLA is trading near 454 dollars while staying comfortably above its major moving averages, showing that buyers are still in control as this recovery phase unfolds.

● The technical picture looks really clean from an Elliott Wave perspective. Tesla is moving through well-defined impulsive and corrective phases without breaking the overall trend structure. This recent push from the November bottom maintains solid form, backed by improving relative strength and a pattern of consistently higher lows. Looking at the volume profile, you can see previous accumulation zones clustered between 330 and 390 dollars—areas where earlier dips found strong support. If we do see any pullback from current levels, it would more likely just reset short-term sentiment rather than flip the trend.

“The speed of this early wave matters, since a steeper launch angle often translates into a higher termination target later in the cycle.”

●What makes this move particularly interesting is the projected wave path showing potential continuation toward a higher-cycle wave (v) and an extended wave C. These projections align with the view that the structure stays constructive as long as those recent lows hold firm. The RSI is supporting this bullish trajectory too, with no major divergence showing up as momentum keeps building. Right now, every dip looks more like a buying opportunity than a warning signal, at least until something breaks the technical structure.

●This rally matters beyond just Tesla itself. After months of correction, this renewed momentum could shift sentiment across the broader growth-equity space. A steady, orderly climb helps reinforce confidence in Tesla’s longer cycle outlook as we head into early 2026.

My Take: Tesla’s technical setup looks remarkably clean right now. The combination of strong momentum, supportive volume zones, and intact wave structure suggests this isn’t just a short-term bounce. As long as those November lows hold, the path of least resistance points higher.

Source: Yimin X