Watch These Tesla Price Levels as Investors Look Past Musk-Trump Feud

Tesla (TSLA) shares have recovered the lion’s share of losses that followed Elon Musk’s public feud with President Donald Trump, as investors await the automaker’s upcoming robotaxi launch.

The EV maker’s stock gained 10% last week, closing Friday at around $325, not far from the level it traded at before Musk and Trump engaged in a testy back-and-forth the week before last, sending shares sharply lower. Tensions cooled after the Tesla chief admitted he regreted some of his posts, while Trump told the New York Post last week that he hasn’t ruled out reconciling with Musk.

Tesla shares have risen more than 50% from their early-April low as Musk has stepped back from his role with the federal government. The stock is still down about 20% since the start of the year amid concerns over slowing EU sales and uncertainty over the Trump administration’s tariff policies.

Below, we break down the technicals on Tesla’s chart and identify key price levels worth watching out for.

Tesla Bulls Defend Key Moving Averages

Shortly after plumbing their March low, Tesla shares traded higher within a rising wedge before breaking down below the pattern’s lower trendline earlier this month.

However, more recently, Tesla bulls have defended the 50- and 200-day moving averages in a move that has coincided with the relative strength index reclaiming its neutral threshold to signal a recovery in price momentum.

Meanwhile trading volume, while initially jumping on the stock’s breakdown, has eased, indicating moderating investor interest.

Let’s identify key support and resistance levels on Tesla’s chart that investors will likely be watching.

Key Support Levels to Watch

Selling below the key moving averages could see the shares initially retrace to around $265. This area would likely provide support near the early April countertrend high, which also closely aligns with several notable peaks that formed on the chart between July and October last year.

Further downside opens the door for a drop to the $215 level. Investors could view this area as a trading floor near a horizontal line that connects a series of price action on the chart stretching from July to April.

Important Resistance Levels to Monitor

A continuation of last week’s recovery effort could drive a move toward $365. The shares may face overhead selling pressure in this location near the rising wedge pattern’s peak, which sits alongside the February countertrend high and November high.

Finally, buying above this level could see Tesla’s stock climb toward $430. Investors who have accumulated shares at lower prices may seek to lock in profits in this region near a range of corresponding trading activity on the chart that formed just below the stock’s all-time high.

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As of the date this article was written, the author does not own any of the above securities.