Tesla Surges 6.7%, Reclaims $400 — How Do You Trade This Position?
Tesla (TSLA) surged 6.69% to $420, decisively reclaiming the $400 level lost in the prior session. The rebound was fueled by broad tech strength — the Dow Jones breached 53,000 for the first time while the Nasdaq rallied — as capital rotated back into high-beta leaders. However, analysts flagged BYD's rising dominance as a lingering structural threat to Tesla's global EV market share. With $400 now acting as the key bull-bear line, do you chase the breakout, wait for a retest of $400, or take profits into the bounce?