Tesla (TSLA) recently advanced to a new all‑time high, underscoring the strength of bullish momentum in the market. The short‑term Elliott Wave analysis indicates that the cycle from the November 14, 2025 low has concluded as a clear impulse structure. From that low, wave 1 terminated at $423.69, followed by a corrective decline in wave 2 that ended at $383.76. The upward progression then resumed, with wave 3 extending to $458.87. A modest pullback in wave 4 concluded at $435.
The final advance in wave 5 reached $496.16, as illustrated on the 45‑minute chart. This marked the completion of wave (1) at a higher degree and simultaneously closed the cycle that began on November 14. After this peak, the stock entered a corrective phase in wave (2), unfolding internally as a zigzag pattern. From the termination of wave (1), wave A of the zigzag is expected to finish soon. A rebound in wave B should follow, setting the stage for another decline in wave C, which would complete the corrective sequence of wave (2). As long as the pivot at $496.16 remains intact, rallies are likely to fail. The broader expectation is for Tesla to extend lower, thereby correcting the entire cycle that originated from the November 14 low.
