Tesla shares rise over 2% pre-market, following a gain of more than 4% overnight.

Tesla shares rise over 2% pre-market, following a gain of more than 4% overnight.

Tesla shares surged over 4% in premarket trading on June 9, 2025, clawing back some of the heavy losses from the previous session. The stock was up 4.3% at $296.99 ahead of the open, while the S&P 500 and Dow Jones Industrial Average futures were both up 0.4% [1].

The shares had tumbled 14.3% the previous day, wiping out more than $150 billion in market value. This was the biggest one-day loss in Tesla's history [1]. The recovery on June 9, 2025, suggests renewed investor confidence, potentially driven by positive market sentiment and the company's historical resilience [2].

Additionally, the stock's rise came on the heels of President Trump's public statement that he is not getting rid of his Tesla holdings. This high-profile endorsement contributed to increased trading volume and bullish sentiment around Tesla, with potential spillover effects on crypto markets that track tech stock momentum, such as Bitcoin and Ethereum [3]. The cryptocurrency market often moves in tandem with major stock movements, particularly when high-profile events involving major companies like Tesla occur [3].

The surge in Tesla’s stock price from an opening of approximately $245.30 to a high of $258.10 by 2:00 PM EDT on June 9, 2025, reflected a sharp increase in buying interest. This event is particularly relevant for crypto traders, as Tesla has historical ties to Bitcoin, having previously held and accepted BTC as payment [3]. The surge in Tesla’s stock price could signal renewed risk appetite in markets, often correlating with bullish movements in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) [3].

From a technical perspective, the crypto market’s reaction to Tesla’s stock surge on June 9, 2025, provided actionable insights for traders. Bitcoin’s price movement, as observed at 3:00 PM EDT, showed a break above its 50-hour moving average of $69,800 on the 1-hour chart, signaling short-term bullish momentum. The Relative Strength Index (RSI) for BTC stood at 58, indicating room for further upside before entering overbought territory. Ethereum displayed similar strength, with its price at $3,680 crossing the $3,650 resistance level by 3:00 PM EDT, backed by a MACD line crossing above the signal line on the 4-hour chart [3].

The institutional impact of Tesla’s stock movement on June 9, 2025, cannot be overlooked for crypto traders. Tesla’s historical association with Bitcoin and Elon Musk’s influence on market sentiment often drive speculative trading in crypto-related assets. Crypto-focused ETFs, such as the Bitwise DeFi & Crypto Industry ETF, saw a 2.1% uptick in trading volume by 3:00 PM EDT, reflecting indirect exposure to Tesla’s rally [3]. Institutional money flow, often tracked via large BTC transactions on-chain, showed a 4.5% increase in transactions over $100,000 within hours of the Tesla news, hinting at whale activity [3].

For traders, this cross-market dynamic between Tesla and crypto assets like BTC and ETH underscores the importance of monitoring stock market events for potential trading opportunities. Long positions on BTC and ETH could be considered if Tesla’s bullish momentum persists, while stop-loss orders below key support levels—such as $69,000 for BTC as of 3:00 PM EDT—can mitigate downside risks [3].

References:
[1] https://www.barrons.com/livecoverage/trump-musk-tesla-djt-spacex/card/tesla-stock-jumps-after-sharp-selloff-P5iVLiOKDyjfQmGgjNHs?siteid=yhoof2&yptr=yahoo
[2] https://finance.yahoo.com/m/bb2fe011-bd18-348e-92c1-8f91558f6c9a/tesla-stock-jumps-in.html
[3] https://blockchain.news/flashnews/tesla-stock-surges-5-after-trump-publicly-supports-tesla-impact-on-tsla-and-crypto-market