$TSLA has raised its head above its trend line in the PM now while being up +2.5%, this is a good sign but we know that this trend line has been relentless and it is not enough to confirm that the breakout is done now and we are into the impulse wave, we must see this $230 level converted to support. once converted, $TSLA could be on a formidable run.
$265 is our Wave 3 Target and Wave 5 target could have no issues running as high as $326.
Remember, $TSLA did not follow the market, it is considerably down from its ATH level at $414....not all Mega Caps follow the market higher, the market is only a mean of the sum of all parts, which is why we assess charts individually.
There is a 90% gain here for $TSLA to return to its ATH line.