Tesla stock gains 3.7% as Musk teases flying car prototype

Tesla Stock Rises 3.7% Amid Musk’s Flying Car Prototype Hint

Elon Musk’s recent tease of a Tesla flying car prototype sparked renewed investor enthusiasm, pushing TSLA shares up by 3.7% as of November 3, 2025.

Stock Performance on November 3

Opening price: $446.57
Intraday low: $443.82
Intraday high: $457.65
Closing price: $456.06, up 3.7% in 24 hours

Technical Analysis

Tesla shares show a bullish trend, trading above key support levels represented by the 50-day and 200-day simple moving averages (SMA), currently near $430 and $400 respectively. This suggests sustained investor confidence backed by medium- to long-term growth.

Support and Resistance Levels

Support: $430–$440 range, bolstered by the 50-day SMA and recent trading lows
Resistance: $470–$480 zone, where previous rallies stalled; this level coincides with psychological barriers and options activity

Price Outlook

A breakout above $480 could accelerate gains toward $500–$520 by the end of the year, while a drop below $430 risks a correction down to $400.

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

Tesla’s steady climb above its moving averages confirms a solid technical foundation for ongoing growth.

Summary

The excitement around Tesla’s potential flying car prototype has contributed to a strong bullish momentum in the stock, supported by favorable technical indicators and clearly defined price levels.

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Traders Union — 2025-11-04