Why is Tesla’s stock up again? TSLA Stock Price and Forecast: Why is Tesla’s stock up again?

On Wednesday, Tesla’s stock rose another 5%.
The 9 and 21-day moving averages for TSLA have been broken.
The $1,120 barrier level is where Tesla comes to a halt.

On Wednesday, Tesla outpaced the market. Tesla beat numerous big electric car brands that have all been strongly bid of late, not only the overall market with the Nasdaq and S&P closing in the negative. Rivian (RIVN) experienced its first down day, and it was a stormy one, with the new child on the EV block dropping 15%. Lucid Motors (LCID) plummeted more than 5%, but Tesla remained steady and ended the day in the black.

News about Tesla (TSLA)

Yesterday, Rivian (RIVN) gave up some gains, but Tesla (TSLA) kept going. Despite reports of increased sales from CEO Elon Musk seeping through newswires, this remains the case. It’s also worth noting that Elon Musk advocated selling around 10% of his interest in Tesla in his Twitter poll. If Elon keeps his word, he’ll have sold half of what he promised, with plenty more to come. Despite a very steep decline thus far, Elon Musk’s selling has had little impact on Tesla’s stock price. This might be due to the creative format of his suggestion on Twitter.