Tesla (TSLA.US) stock surged nearly 6.0% after CEO Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla investors might get preferential treatment to buy these shares. Additionally the automaker's stock is trading higher partially due to a recent jump in Bitcoin prices. Tesla is often associated with Bitcoin because as it has bought $1.5 billion worth of the cryptocurrency, therefore any sharp movements in digital asset’s price could impact the company's earnings report.
Tesla (TSLA.US) stock launched today's session with a bullish price gap and broke above the upper limit of the 1:1 structure. Currently the price is approaching local resistance at $711.00. Should a break higher occur, then upward move may be extended towards April high at $780.06. On the other hand, if sellers will manage to halt advances, then 200 SMA ( red line) should act as the nearest support. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
