From my perspective, Tesla making new all-time highs and then fading intraday is a very familiar pattern. It usually reflects a clash between long-term believers and short-term traders taking profits into strength. The robotaxi update is clearly a meaningful catalyst, but at these levels, the market is no longer reacting to "potential" alone—it wants clearer signals on timing, scalability, and regulation.

On the move above $500, I think it's possible, but it won't be a clean breakout. There is heavy psychological and positioning resistance around that level, and any push through it will likely require either a strong follow-through in autonomous driving milestones or a broader risk-on environment in U.S. equities. Without that confirmation, price action could remain choppy, with sharp swings that shake out both bulls and bears.

What's different this time, in my view, is that Tesla's narrative is shifting more decisively away from pure auto deliveries toward autonomy, robotics, and energy. Testing robotaxis without human safety drivers is not just a headline—it's a step closer to commercial reality. Still, the gap between testing and meaningful revenue remains wide, and that gap is where expectations can easily run ahead of fundamentals.

Looking ahead to 2026, I don't see it as a simple repeat of history, but I do expect volatility to stay elevated. If autonomy progresses from pilot programs to limited-scale deployment, Tesla's valuation framework could change materially $Tesla Motors(TSLA)$  . If not, the stock may struggle to justify a sustained premium, especially if margins in the core auto business stay under pressure.

So my stance is cautiously constructive but disciplined. I respect the long-term vision and the optionality Tesla offers, but at new highs, I'm more focused on managing risk than chasing momentum. For me, Tesla remains a stock to hold and reassess around key milestones, rather than one to blindly bet on just because it's making headlines again.

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community. 

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