There is no denying that the US stock market has been woefully inconsistent throughout the first few months of the year. Investors have struggled to keep up with its movements as macroeconomic pressure and geopolitical tensions have spooked many. However, that has not been the case for Tesla (TSLA) this week, as the stock may well be on its way to a new all-time high.
The company has seen this course reverse from a horrendous start in 2025. A near-brand crisis took place in the early months of the year as CEO Elon Musk firmly embraced his position atop US President Donald Trump’s DOGE Commission. Yet, as he has promised to step back from that political spotlight, the EV manufacturer looks to be surging because of it.
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Tesla Stock Poised to Surge: Why a New Record Price May Be Nearing
After a rebound took place early in the week, the US stock market fell yet again on Wednesday. The Dow Jones Index dropped 750 points as the Nasdaq also slid. Although Tesla fell more than 1.6% alongside the market drop, it is still in a strong position in recent weeks. Specifically, the company is up more than 48% over the last 30 days.
Thus, the company is set to make notable gains amid sky-high optimism for both the brand and its offerings. The company is poised to unveil new headway in its Robotaxi endeavor, with investors excited at what that could mean. This and some important data show that Tesla may well be on its way to setting a brand new all-time high.
Also Read: Tesla (TSLA) Gets 70% Upside, But It Hinges on One $1.7T Market
According to a new TradingView report, Tesla is up more than 60% from the lows it reached in March. Moreover, its propulsion back to the $355 level has seen it reach its highest price in three months. This has it set up to retest the $475 landmark price point set in December of last year.
Although Musk is a major reason why sentiment has improved, technical indicators show a golden cross is forming for Tesla. This means that the 50-day exponential moving average has crossed the 200-day exponential moving average. The pattern is a strong bullish indicator, with its recent surge turning the $325 level into a key support.
Tesla shares will find their next great obstacle at the $380 level. This will see it confront 2025 lows and the 61.8% Fibonacci level. If it can successfully breach this, it has a path to breaking through above $400. With the Robotaxi launch and Musk’s refocusing, it certainly does not appear impossible.
