Tesla Stock Gains 3.7% on Musk’s Flying Car Tease
Elon Musk’s recent hint about a Tesla flying car prototype sparked investor enthusiasm, boosting TSLA shares by 3.7%.
Stock Performance on November 3, 2025
- Opening price: $446.57
- Intraday high: $457.65
- Intraday low: $443.82
- Closing price: $456.06, up 3.7% in 24 hours
Technical Indicators and Trend Analysis
Tesla’s stock is trading above both its 50-day and 200-day moving averages, signaling a bullish trend.
- 50-day simple moving average (SMA) near $430
- 200-day SMA around $400
- Strong support levels between $430 and $440
This support zone has historically limited downside, with buyers stepping in to maintain price stability.
Resistance and Price Targets
Resistance levels are identified between $470 and $480, where the stock has struggled to sustain gains before.
A successful breakout above $480 could drive the price toward $500–$520 by year-end, while a fall below $430 may lead to a decline near $400.
Elon Musk referred to the flying car as Tesla’s “most memorable product.”
Summary: Tesla shares rose 3.7% following Musk's flying car hint, maintaining a bullish outlook with strong moving average support and key resistance ahead.