Bullish scenario and risks suggested by Tesla stock reaching a 3-year high.

Tesla's stock price has risen for 6 consecutive days, reaching a record high. Especially in the post-election market, it surged, achieving an increase of about 70% from the closing price in November. Background includes the evaluation by Wall Street analysts of the self-driving and robotics business, as well as the potential benefits of the AI boom.
In technical analysis, after breaking through the ascending triangle, a bullish target price of $585.65 is suggested. On the other hand, during a correction phase, $380 and $300 are likely to become important support levels. Such movements highlight the enduring long-term growth expectations despite short-term adjustment risks.

Tesla's stock price showed a significant increase after the election, but there are multiple factors at play. Particularly noteworthy among market participants is the close relationship between CEO Elon Mask and the new administration. This relationship is believed to influence market sentiment with expectations that it will favorably impact the company's business environment. Additionally, key analysts on Wall Street have high evaluations of Tesla's self-driving technology and robotics business...
In particular, Goldman Sachs' report mentions that Tesla is positioned to lead the next generation of the mobility industry due to advancements in AI, while Morgan Stanley's analyst Adam Jonas has positioned the company as a 'top pick'. These statements have created a synergistic effect, generating further expectations among investors. However, uncertainties related to political factors and the pace of AI technology development should also be noted, as they may not necessarily lead to sustained stock price increases.

In discussing Tesla's stock rise, technical analysis plays a crucial role. Particularly significant is the strong price momentum seen after the pattern breakthrough of the 'ascending triangle'. This suggests a bullish target price of $585.65 using measurement principles. While this value significantly exceeds the current stock price, the Relative Strength Index (RSI) above 70 indicates a risk of profit-taking selling increasing.
Another important price range to consider during an adjustment phase is $380 and $300. $380 has formed multiple peaks in past charts, potentially functioning as a short-term support line. On the other hand, $300 is expected to receive strong support as a psychological milestone, becoming an important focal point for long-term investors. Therefore, it is necessary to determine both the bullish scenario and adjustment risks in order to make investment decisions.

The rise in Tesla's stock price is underpinned by the expectation that the company's business demonstrates a competitive advantage in AI technology and the self-driving cars sector. However, this growth scenario is merely one possibility, and the risks cannot be ignored. For instance, if the company's robotics business does not develop as anticipated, or if rival companies achieve similar technological innovations, there is a risk of a sharp decline in the stock price.
Furthermore, political factors are also crucial. If the relationship between Mr. Mask and the new administration deteriorates, the current optimistic market sentiment could reverse and significantly impact the stock price. Investors need to carefully evaluate the balance between such risks and Tesla's long-term growth potential. Rather than being swayed by short-term stock price volatility, it is essential to focus on the fundamental value of the business.