Market Analysis: TSLA Share Price Soars 10%

<img src="https://images.unsplash.com/photo-1585011650347-c59dbef5a823?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wxMTc3M3wwfDF8c2VhcmNofDR8fHRlc2xhfGVufDB8fHx8MTY5NDUxOTk0OHww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=2000" alt="Market Analysis: TSLA Share Price Soars 10%" /><p>The reason for the growth is the increase in the target price for TSLA shares by analysts at Morgan Stanley from USD 250 to USD 400 (about +45% from current levels).</p><p>Analysts see huge potential in Tesla Dojo — this supercomputer is capable of processing millions of terabytes of video of real-life situations captured from more than 4 million Tesla vehicles. It is designed to train artificial intelligence models to ultimately help the driver drive a car (Full Self-Driving, FSD system). Analysts say Dojo could serve as the same catalyst as AWS services that helped drive Amazon stock higher.</p><p>After analysts at Morgan Stanley upgraded their rating, TSLA&apos;s price soared 10%, exceeding USD 270 per share.</p><figure><img src="https://fxopen.com/blog/en/content/images/2023/09/122.png" alt="Market Analysis: TSLA Share Price Soars 10%" loading="lazy" width="2000" height="1099" srcset="https://fxopen.com/blog/en/content/images/size/w600/2023/09/122.png 600w, https://fxopen.com/blog/en/content/images/size/w1000/2023/09/122.png 1000w, https://fxopen.com/blog/en/content/images/size/w1600/2023/09/122.png 1600w, https://fxopen.com/blog/en/content/images/size/w2400/2023/09/122.png 2400w" sizes="(min-width: 720px) 720px" /></figure><p>This momentum could help develop the current bullish trend that describes the trend channel in the provided chart of TSLA stock, with:<br>→ the level of USD 260, overcome with a gap, can now provide support;<br>→ after overcoming this resistance, the price reached the median line of the channel. Here, supply and demand tend to balance out — this could help the bulls gain a foothold above the breakout level of USD 260.</p><p>Bearish argument:<br>→ TSLA stock price has approached the bearish gap formed at the end of July. The USD 280-USD 290 area, where sell offers dominated a month and a half ago, could at least slow down the current bullish momentum.</p><p>In the coming days, the price of TSLA shares, like the entire US stock market, will be affected by news about inflation:<br>→ Core Price Index is scheduled to be published on Wednesday, 15:30 GMT+3.<br>→ The Producer Price Index is scheduled to be published on Thursday, 15:30 GMT+3. Retail sales data will also be published at this time. Be prepared for spikes in volatility.</p>