Tesla (TSLA) shares have been consolidating within a gradually narrowing range since May 2025, forming an ascending triangle pattern. This structure reflects steady demand, with higher lows indicating persistent buying interest, while resistance around $350 has capped advances so far. The setup suggests potential for an upside breakout in the coming weeks.
The $340–350 area appears to be an attractive accumulation zone, with a breakout above resistance likely to trigger further momentum. A medium-term target of $400–420 would represent an upside of about 19% from current levels. From a risk-management perspective, a stop-loss near $280 would help contain downside exposure should the pattern fail.
