After a brutal drawdown earlier in the cycle, Tesla has fully reclaimed price discovery.
What changed:
• Market is re-pricing Tesla as an AI + autonomy platform, not just an EV maker • Robotaxi narrative is back on the table • Investor sentiment flipped fast as momentum returned • Shorts got squeezed into strength
Love it or hate it, the chart is clear: Higher highs. Higher lows. Strong momentum.
When a stock breaks ATHs, psychology shifts. There is no overhead resistance.
