What are TSLA key levels to monitor. Forecast for the rest of this month

``` The deep research logic is organized as follows: Okay, let's tackle this question about Tesla's key levels and the forecast for the rest of June 2025. The user is asking for support and resistance levels, and a price forecast. First, I need to check the references provided. Looking at Reference 1, there's a table with TSLA's support and resistance levels as of 2025-06-05. The support is $290.61 and resistance is $324.55. That's a good starting point. The user also mentioned the user profile, which includes a focus on technical analysis and short-term investments. So, the answer should emphasize technical levels and maybe some short-term price targets. Next, the user wants a forecast for the rest of the month. The references mention analyst price targets. For example, Reference 2 and 4 both have average target prices of $289.20 with a high of $500 and low of $19.05. The consensus recommendation is a Hold (average 2.6). Also, GuruFocus estimates a GF Value of $270.55, which is a downside from the current price. The current price as of 2025-06-05 is $294.51, which is just above the support level. The stock has been declining due to issues like sales in China and political tensions with Trump. The user profile mentions interest in NVDA and other tech stocks, so maybe a comparison or mention of how TSLA's levels relate to broader tech trends could be useful, but the question is specific to TSLA. I need to structure the answer with a conclusion first, then detailed analysis. The conclusion should state the key levels and the forecast. The analysis should break down the support and resistance levels, the factors affecting them (like sales decline, political issues), and the analyst targets. Also, the user wants entry and exit strategies, so maybe suggest monitoring these levels for potential trade setups. I should also check if there are any other relevant references. Reference 10 and 11 mention queries about monthly price forecasts and secondary support levels, but the results are zero. So, no additional data there. Reference 18 has a UOS value for TSLA, which is 43.47, but I'm not sure how that ties into the forecast. Maybe it's a technical indicator, but without more context, it's hard to use. The user's investment strategy is short-term, so the forecast should focus on the near-term, maybe the next few weeks. The political tensions and sales issues are ongoing, so those are key risks. The upcoming robotaxi test in Austin (mentioned in Reference 9 and 14) could be a catalyst, but it's not clear if that's priced in yet. Putting it all together, the answer should highlight the $290.61 support and $324.55 resistance, mention the analyst targets and consensus, and discuss the risks and potential catalysts. The forecast should be cautious given the current headwinds but note the potential upside if the stock breaks above resistance or if positive news emerges. ``` ### 🚨 **Conclusion** 🚨 Tesla (TSLA) faces critical **support at $290.61** and **resistance at $324.55** as of **2025-06-05**. The stock is under pressure due to **political tensions** with President Trump and **declining China sales**, with a **16% downside risk** to the average analyst target of $289.20. A **break below $290.61** could trigger further declines, while a **catalyst like the robotaxi launch** (June 12) could drive a short-term rally. --- ### 📊 **Key Levels & Analysis** 📊 #### 1. **Current Technical Setup** | Metric | Value | Implication | |------------------------|----------------|--------------------------------------| | **Last Price** | $294.51 | Hovering near **$290.61 support** | | **Support Level** | $290.61 | Immediate floor; breach signals bearish momentum | | **Resistance Level** | $324.55 | Key upside barrier; break signals bullish breakout | #### 2. **Market Context** - **Political Risk**: Elon Musk’s public feud with Trump over the **“Big Beautiful Bill”** (eliminating EV tax credits) has caused a **9.7% drop** in TSLA shares . - **China Sales Decline**: 8th consecutive month of falling deliveries (-15% YoY in May) . - **Analyst Targets**: Average target of $289.20 (16% downside) with a **Hold rating** (2.6/5) . #### 3. **Short-Term Forecast** | Scenario | Probability | Price Range | |------------------------|----------------|----------------| | **Bullish** | 30% | $290.61–$324.55 | Breakout on robotaxi news or policy clarity . | | **Bearish** | 50% | Below $290.61 | Continued political tensions and sales weakness . | | **Neutral** | 20% | $290.61–$294.51 | Range-bound trading amid mixed catalysts . | --- ### 📉 **Key Takeaways** 📉 - **Monitor $290.61**: Break below signals further downside risk. - **Watch $324.55**: Break above indicates bullish momentum. - **Catalysts**: Robotaxi launch (June 12), U.S.-China trade talks, and legislative developments. Let me know if you’d like a deeper dive into **NVDA’s price forecast** or **entry/exit strategies** for TSLA! 🚀