The Trust Layer for Market Analysts

Tesla has shown a rebound from the 338.27 level, which is a key support and the bottom of a year-long structure. The price action has moved back above the 350.19 intraday support level and closed above the 361.59 pivot point. The analysis suggests a bullish outlook, with a short-term target of 386.93 in the next 3-5 days, and a medium-term target of 432.90 by the end of May. A break below 361.59 could lead to a retest of 338.27, while a break above 386.93 might lead to further upside towards 432.90. The longer-term outlook remains bullish as long as key support levels hold.