Tesla Struggles at 470 Resistance

Binni Ong
10-03

Tesla Analysis ( $Tesla Motors(TSLA)$ ) after better delivery performance

  • Price surged higher but met strong resistance near 470 – a level that has historically capped rallies.

  • After testing 470, the stock pulled back, signalling selling pressure at this zone.

  • Support at 430 is now the key short-term level; holding here keeps the uptrend intact.

  • If 430 breaks, the next support to monitor is around 380.

  • Momentum is still positive overall, but Tesla may need to consolidate before attempting another breakout.

    Using DLCs for short term trading

  • Long DLCs ( $TESLA 3xLongSG261006(TSYW.SI)$ ) : Could benefit if Tesla stays above 430 and makes another attempt at 470.

  • Short DLCs ( $TESLA 3xShortSG280330(RLSW.SI)$ ) : May be used as a hedge or tactical trade if price breaks below 430, with 380 as the next reference level.

  • Reminder: DLCs are leveraged, short-term tools. Daily compounding, volatility, and bid-ask spreads mean careful risk management is essential.

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1 Trln Pay Package Approved! Tesla Sell the News: Hold for Long Term?
On November 6, more than 75% of shareholders voted in favor of Tesla CEO Elon Musk’s new compensation package. Under the plan, if Musk meets a series of milestones over the next ten years, he will gradually receive about 423.7 million restricted stock units (RSUs) — up to USD 1 trillion. Can Musk realistically hit these ambitious milestones in the next decade? Will this massive pay package truly align Tesla’s growth with shareholder interests After the approval, is Tesla a “sell the news” trade — or a long-term conviction hold?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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