Tesla Inc. (NASDAQ: TSLA) saw modest gains on June 23, closing at $322.16, just +0.11 (0.034%) higher than the previous day’s close of $322.05. However, the real action appears to be starting in the pre-market, where Tesla stock is showing signs of momentum, trading at $325.61 (+1.07%) as of 8:17 a.m. GMT-4.
Key Trading Data for Tesla (June 23):
- Open: $327.95
- Day High: $332.36
- Day Low: $317.50
- Close: $322.16
- Pre-market Price: $325.61
- Market Cap: $1.01T
- P/E Ratio: 177.32
- 52-Week High: $488.54
- 52-Week Low: $180.69
Technical Analysis: Bullish Signals in Sight?
Tesla opened strong at $327.95, briefly hitting a day high of $332.36 within the first hour of trading. However, by mid-morning, the stock saw a decline, dropping to a low of $317.50 before rebounding into a more stable horizontal pattern around the $320–$323 range. The sideways movement through the afternoon suggests investor indecision, but the stock never broke down below key support levels.
The standout figure is the pre-market jump to $325.61, showing renewed bullish momentum going into Monday’s open. This could signal that the market is digesting new developments positively — possibly around AI integration, EV delivery forecasts, or macroeconomic optimism.
Is It the Right Time to Buy Tesla Stock Today?
Yes — with caution. Here’s why:
Bullish Indicators:
- Positive pre-market momentum (+1.07%)
- Stable consolidation after a volatile start
- Room to grow below 52-week high ($488.54)
Risks to Consider:
- Tesla remains overvalued based on its P/E ratio of 177.32
- The chart shows volatility and sharp intraday swings
- Broader market uncertainty could cap gains despite pre-market strength
Monday Forecast for Tesla Stock
The early upward movement in pre-market trading is a strong signal that Tesla stock may open higher on Monday. If it holds above the $325 level, the next psychological resistance is around $330–$335. Volume and market sentiment will be key factors — so keep an eye on the Nasdaq and S&P 500 opening trends as well.
A bullish breakout is likely, but only if supported by volume and news. Otherwise, it could slip back into the $318–$322 zone.
: Should You Trade Tesla Stock on Monday?
Tesla stock is looking bullish going into Monday, especially with pre-market action indicating renewed interest. Short-term traders may find profit opportunities in early-session strength, while long-term investors can consider small entries with a plan to scale in.Pro Tip: Use a stop-loss near $318 if entering short-term, and watch for confirmation above $326 for bullish continuation.
