Tesla stock gains 3.7% as Musk teases flying car prototype

Tesla Stock Gains 3.7% After Musk Teases Flying Car Prototype

Elon Musk’s recent hint about a Tesla flying car prototype sparked renewed investor enthusiasm, lifting Tesla (TSLA) shares by 3.7%.

Stock Performance Details

As of November 3, Tesla stock trades at $456.06, increasing 3.7% over the past 24 hours.
The intraday high reached $457.65, with a low of $443.82.
The stock opened at $446.57.

Elon Musk called the flying car prototype Tesla’s “most memorable product.”

Technical Analysis

Tesla maintains a bullish technical structure, trading above its 50-day and 200-day simple moving averages (SMAs), which currently sit near $430 and $400 respectively. This confirms a sustained upward trend and positive investor sentiment for medium- to long-term growth.

Support levels are observed around $430–$440, reinforced by the 50-day SMA and previous trading lows where buyers have typically entered.
Resistance is found between $470 and $480, an area that has capped earlier rallies and coincides with psychological resistance and significant options activity.

A breakout above $480 could push Tesla’s price toward the $500–$520 range before the end of the year, while a drop below $430 risks a pullback down to $400.

Summary of Tesla Stock Dynamics (September–November 2025)

Tesla stock shows steady gains supported by strong technical indicators and growing excitement around innovative product developments, including Musk’s hint at a flying car prototype.

Author’s summary: Tesla's stock rises on Musk's flying car tease, trading bullishly above key moving averages, signaling strong investor confidence and potential gains toward $500 this year.

Traders Union — 2025-11-03

Tesla Stock Gains 3.7% After Musk Teases Flying Car Prototype

Stock Performance Details

Technical Analysis

Summary of Tesla Stock Dynamics (September–November 2025)

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