Tesla stock gains 3.7% as Musk teases flying car prototype

Tesla Stock Gains 3.7% as Musk Teases Flying Car Prototype

Elon Musk's suggestion of a Tesla flying car prototype sparked investor enthusiasm, pushing TSLA shares up by 3.7%. As of November 3, Tesla stock traded at $456.06, showing a 3.7% increase over the past 24 hours. The intraday price ranged from a low of $443.82 to a high of $457.65, with the opening price at $446.57.

Stock Performance and Technical Indicators

Tesla shares rose following Musk's description of the flying car as the company's "most memorable product."
The stock remains in a bullish phase, trading above both the 50-day and 200-day simple moving averages (SMA).
A breakout above $480 could drive the price toward $500–$520 by the end of the year, while falling below $430 may trigger a decline to $400.

Support and Resistance Levels

Tesla continues to maintain a strong upward trend, with prices steady above important moving averages:

The 50-day SMA is near $430.
The 200-day SMA has increased to around $400.

Remaining above these averages confirms investor confidence in Tesla’s medium- to long-term growth. Support is seen between $430 and $440, supported by the 50-day SMA and recent trading lows, where buyers typically limit downward movement.

The key resistance zone is $470 to $480, where the stock previously failed to maintain rallies. This range overlaps with psychological resistance and significant options activity, which could cause temporary pauses or profit-taking.

Elon Musk called the flying car prototype Tesla’s "most memorable product."

Tesla Stock Price Trend (September 2025 - November 2025)

The stock has shown steady gains, bolstered by positive investor sentiment and technical strength above crucial moving averages.

Author's Summary: Elon Musk’s flying car hint boosted Tesla shares by 3.7%, reinforcing a bullish trend supported by key moving averages and potential for further upside.

Traders Union — 2025-11-04