Tesla Stock Price Analysis | Top $TSLA Levels To Watch for September 2nd, 2025

Summary

In this Tesla market update, Carrie Artac from Wicked Stocks breaks down key technical levels and trading opportunities. Tesla recently pushed into the low 350s, facing midterm resistance, while short-term support sits at 329.94 and the channel bottom at 311.38. She outlines potential bearish continuation to 280.82 or even 261.29 if support breaks, as well as upside scenarios with retests of 352.29 and long-term targets up to 521.96. The report highlights intraday pivots, swing trade setups, and strategic options plays, offering actionable insights for both day and swing traders while emphasizing risk management and informed decision-making.

Takeaways

• 📈 Tesla recently pushed into the low $350s ($351.39–$359.67), acting as midterm resistance on the weekly chart.
• 📉 If Tesla falls below the $350s, longer-term prices could drop to the $250–$260 range over the next 2–3 months.
• 🔻 The 6-week channel bottom is at $311.38, which is the anticipated 2–3 week target if bearish rotation continues.
• 💹 Recent rallies, possibly due to Powell's speech, temporarily prevented a drop to $311.38.
• 🟢 Intraday support is at $329.94, and $340.26 serves as a pivot point for short-term buying pressures.
• ⚠️ Closing below $329.94 increases the likelihood of reaching $311.38 and possibly $280.82 in 2–3 weeks.
• 📊 A weekly close below $311.38 could make $261.29 the next significant support over 1–2 months.
• 🚀 If Tesla closes above $340.26, it may retest the $352.29–$359.67 channel top within a day or two.
• 🌟 A weekly close above $359.67 triggers a long-term buy signal, targeting $436–$460 in 2–3 months and $521.96 for a 5-year projection.
• 💡 Traders can use short-term swings around $329.94–$340.26, and options traders can plan puts below $311.38 or calls above $359.67 based on time horizon.
• 🎯 Wicked Stocks offers premium members two high-probability weekly stock picks, daily video market analysis, and trade plans, with a 5-day free trial.

Q & A

What was the midterm resistance level for Tesla mentioned in the report?

The midterm resistance was in the range of 351.39 to 359.67.

What is the short-term channel bottom Tesla is expected to reach in 2–3 weeks?

The short-term channel bottom is 311.38.

What could happen if Tesla closes below 329.94?

If Tesla closes below 329.94, it is likely to continue down to 311.38 within 2–3 weeks, with potential further downside to 280.82 or even 261.29 over the next 1–2 months.

What is the significance of the 340.26 price level?

340.26 acts as a soft intraday pivot point and may contain intraday buying pressures, serving as day resistance.

What are the potential long-term upside targets for Tesla if the price closes above 359.67?

If the weekly close exceeds 359.67, long-term upside targets include 436.40 over 2–3 months and potentially 521.96 over 5–8 months.

How should traders approach buying Tesla stock around 329.94?

Aggressive buying is not recommended below 329.94, except for short-term day trades, due to the risk of further bearish continuation.

What options strategies does the report suggest based on the technical levels?

For potential downside, traders could use out-of-the-money puts 3–4 months out if Tesla breaks below 311.38. For upside plays, out-of-the-money calls 6 months out could be considered if Tesla closes above 359.67.

What timeframes are considered for short-term, mid-term, and long-term analysis in the report?

Short-term: 2–3 weeks; Mid-term: 2–3 months; Long-term: 5–8 months.

What intraday swing trade opportunities are mentioned?

Traders could look for 3–5 day swing trades between intraday support at 329.94 and intraday resistance at 340.26, potentially rebounding back into the low 350s.

What type of premium content does Wicked Stocks offer according to the transcript?

Premium members receive two high-probability stock picks each week with full trade plans, daily video analysis of major markets like SPY, QQQ, Nvidia, and weekly analyses of Apple, S&P 500, and NASDAQ 100. A 5-day free trial is also offered.

How does the report suggest traders interpret a potential settlement below 311.38?

A settlement below 311.38 would indicate a possible September high has been reached, with a likely 2–3 week bearish continuation toward 280.82, and potentially extending to 261.29 in 1–2 months.

What are the Fibonacci levels highlighted in the report?

Key Fibonacci levels include 329.94 (daily low support), 340.26 (intraday resistance), and 311.38 (2–3 week channel bottom).