A move back above US$400 is technically encouraging, but one strong session does not settle the longer-term picture. If you're already holding Tesla, trimming a small portion into strength can be reasonable if it has become an oversized position. If you're looking to buy, waiting to see whether US$400 holds as support after a pullback offers a more favourable risk-reward than chasing a sharp rally.
The longer-term debate remains unchanged. Tesla still has strengths in software, AI, robotics and autonomous driving, while competition, especially from BYD, continues to pressure its EV market share. Unless new catalysts materially improve earnings expectations, patience around key support levels is a prudent approach rather than buying purely because of one breakout.
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