Tesla Stock Gains 3.7% Following Musk’s Flying Car Tease
Elon Musk’s recent hint about a Tesla flying car prototype stirred investor enthusiasm, pushing TSLA shares up by 3.7%.
Stock Performance Overview as of November 3, 2025
- Closing price: $456.06, a 3.7% increase in the last 24 hours
- Intraday high: $457.65
- Intraday low: $443.82
- Opening price: $446.57
Elon Musk described the flying car prototype as Tesla’s “most memorable product.”
Technical Analysis
Tesla shares are in a strong bullish pattern, trading above both the 50-day and 200-day moving averages, indicating sustained positive momentum.
- The 50-day simple moving average (SMA) is near $430
- The 200-day SMA stands around $400
- Support levels lie between $430–$440, a zone where buyers typically enter
- Resistance levels are around $470–$480, a critical area that may cause price hesitation due to psychological and options-related factors
A breakout above $480 could propel Tesla’s stock toward $500–$520 by the end of the year, while falling below $430 risks dropping to $400.
Price Dynamics (September 2025 - November 2025)
Throughout this period, Tesla’s stock has maintained a bullish structure with steady increases above key moving averages, reflecting investor confidence in the company’s medium-to-long-term growth prospects.