Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of  Tesla Stock ( TSLA ) published in members area of the website. As most traders probably know, the stock is in an overall bullish trend. However, in the short-term cycle from the 488.78 peak, the price has formed a lower lows structure.  In the following text, we will explain the Elliott Wave forecast in more detail.

TSLA Elliott Wave 1  Hour  Chart 01.30.2025

Tesla stock is showing incomplete sequences in the cycle from the 488.78 peak. The break below the January 2nd low suggests that the cycle from the 488.78 peak is incomplete, indicating more weakness in the near term. TSLA is targeting the 323.98 – 252.46 area next.

Price Structure Analysis

Let’s analyze the price structure further.
We can observe a clear 5-wave structure in the cycle from the 439.74 peak. A 3-wave bounce in the ((b)) recovery is expected. We anticipate another leg up in (c) before a decline takes place.

Trading Strategy

We do not recommend forcing trades at this stage. The strategy is to wait for the extreme zone to be reached before considering buying the stock again.

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TSLA 1-hour Elliott Wave chart showing bearish structure

TSLA Elliott Wave 1  Hour  Chart 02.12.2025

Tesla stock made another leg up in the proposed recovery, completing it at the 419.96 high. After the correction ended, the price continued to decline, reaching new lows. It is now approaching our first target area at 323.98–252.46.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.

TSLA 1-hour chart showing price reaching target zone

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