Tesla Stock Rises 3.7% on Musk's Flying Car Tease
Elon Musk’s recent hint about a Tesla flying car prototype boosted investor enthusiasm, lifting Tesla (TSLA) shares by 3.7% as of November 3, 2025. The stock traded at $456.06, reaching an intraday high of $457.65 and opening at $446.57.
Stock Performance and Technical Indicators
- Tesla shares climbed 3.7% following Musk’s description of the flying car as the company’s "most memorable product."
- The stock remains in a bullish pattern, maintaining levels above its 50-day and 200-day simple moving averages (SMA).
Elon Musk called the flying car prototype Tesla’s “most memorable product.”
Support and Resistance Levels
Key moving averages reinforce a positive trend for TSLA: the 50-day SMA is near $430, and the 200-day SMA has moved up toward $400. Prices consistently hold above these levels, showing sustained investor confidence.
- Support is solid around the $430–$440 range, supported by the 50-day SMA and recent trading lows.
- On the upside, resistance appears between $470 and $480, a zone where the stock has previously struggled to break through.
- A breakout above $480 could drive Tesla’s stock price toward $500–$520 by year-end.
- Conversely, a fall below $430 risks a decline toward the $400 mark.
Summary
Tesla’s stock continues an upward trajectory, underpinned by strong technical signals and renewed investor excitement following Musk’s flying car announcement, indicating potential gains by year-end.
Would you like the summary to be more technical or investor-focused?