Tesla Stock Leads Big Tech Rally as TSLA Targets $300, Apple Follows
The Tesla stock continued to gain today after yesterday’s surge, continuing the strong performance as it leads the tech rebound.
Tesla’s Strong Rebound Continues
Tesla stock has staged an impressive comeback in recent sessions, climbing nearly 5% on Friday, surging 13% yesterday, and adding another 5% today. Over the past two weeks, TSLA tested the critical $220 support zone twice but held firm, signaling a potential buying opportunity, which we highlighted over the weekend. This strong buying momentum has fueled a bullish reversal pattern, bringing Tesla closer to reclaiming the $300 level.
Tesla Stock Chart Daily – Buyers Face the 100 SMA
Despite a sharp decline in Q1 2025, many analysts remain optimistic about Tesla’s long-term prospects, arguing that concerns over brand perception and waning demand are overstated. Recently, Elon Musk encouraged Tesla employees to “hold on” to their stock, stating that Wall Street continues to underestimate the company’s potential. He pointed to advancements in self-driving technology and the development of Tesla’s Optimus humanoid robot as key catalysts for future growth.
Analysts Eye Higher Price Targets for TSLA Shares
Cathie Wood, CEO of Ark Invest, has reaffirmed her bold projection that Tesla’s stock could skyrocket to $2,600 over the next five years. She believes Tesla’s expansion into self-driving robotaxis and ridesharing services will be the primary drivers of this surge. If Tesla continues its recent momentum, a break above $300 could pave the way for further gains.
Apple Stock Joins the Recovery
Apple stock has also been under persistent selling pressure since peaking at $260 in December, shedding nearly $50 (or 20%) by early March. However, AAPL has begun to recover, trading at $223 today after rebounding from a yearly low of $208.42.
Apple is undergoing a major AI leadership shakeup to strengthen its iPhone AI and Siri capabilities. This follows the company’s decision to indefinitely delay its anticipated Siri 2.0 update, which initially raised investor concerns. Despite the uncertainty, the 200-day SMA (purple) provided key technical support, helping Apple shares gain 1.40% today.
Final Thoughts
Tesla continues to lead the tech sector’s resurgence, with its recent gains pushing the stock toward a key resistance level at $300. Apple is also showing signs of recovery as investors adjust to the company’s evolving AI strategy. If broader market sentiment remains positive, both stocks could see further upside in the coming weeks.
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