Tesla ( $Tesla Motors(TSLA)$ ) (1-Hour Chart) Tesla is currently consolidating in a symmetrical triangle pattern following its recent sharp rebound from near US$280 support. Price is now fluctuating between narrowing highs and lows, indicating reduced volatility and a possible breakout setup. Immediate Resistance: US$360 Immediate Support: US$280 Current Pattern: Symmetrical triangle, often associated with continuation or reversal depending on breakout direction A breakout above the triangle may indicate further upside continuation toward the US$360 level, while a breakdown may see the stock retest lower support levels closer to US$280. Using Daily Leverage Certificates (DLCs) for Short-Term Trading DLCs listed on SGX offer leveraged exposure to T
Tesla Austin Plant Halts for a Week: Buy the Dip Before Robotaxi Test?
Tesla fell nearly 4% on Tuesday following news that the company will halt production of its Cybertruck and Model Y vehicles for a week at its Austin, Texas factory. The production pause is scheduled to begin on June 30, and the decision was announced during an employee meeting. The reason for the halt is to carry out maintenance on the production lines—marking the third shutdown at the Austin factory in the past year. In addition, Tesla plans to begin a pilot program for its “Full Self-Driving” (FSD) Model Y robotaxi in Austin on June 22.
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