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News  ›  Investing.com

Tesla Elliott Wave Setup Points to a Fresh Rally Toward the $520 Zone

Investing.com Logo Investing.com By Dr. Arnout Ter Schure
Tesla Elliott Wave Setup Points to a Fresh Rally Toward the $520 Zone

Using Elliott Wave Principle analysis, the article predicts Tesla's stock could rally to around $520, potentially reaching $580, based on technical wave patterns and Fibonacci extensions.

Insights
AGM.A   positive

Company is declaring consistent dividend payments across multiple stock classes, indicating financial stability and commitment to shareholders


TSLA   positive

The analysis suggests a potential upward price movement from current levels, with predicted targets of $520 and potentially $580, indicating a bullish outlook based on technical wave patterns