Tesla (TSLA) Jumps After Musk Vows to Refocus on Company Over DOGE
April 23, 2025
Published by: Zorrox Update Team
Tesla Inc. (NASDAQ: TSLA) climbed over 6% after Elon Musk announced he would step back from the satirical DOGE (Department of Government Efficiency) project to prioritize his leadership at Tesla. The move comes after a disappointing Q1 earnings report, with profits down 71% and revenue falling 9% year-over-year.
Investors welcomed the shift. Musk’s outside ventures had raised concerns about divided attention. Now, with his full focus back on Tesla, the stock broke through technical levels near $190, with options activity surging—particularly on call strikes around $200–$220.
Tesla is expected to push forward key initiatives, including the long-awaited robotaxi and a more affordable EV model, both of which are critical to long-term growth and valuation.
Tips for Traders
Trade the Symbol: TSLA (NASDAQ) – Highly liquid and volatile, ideal for CFD strategies. Watch for continuation above $200 and resistance near $220.
Use Technical Momentum – RSI and MACD are turning bullish. Look for breakouts with volume confirmation.
Watch Musk Headlines – News and tweets can shift sentiment fast. Set alerts and stay nimble.
Monitor Options Flow – Increased call activity signals near-term bullish sentiment.
Manage Risk – Tesla remains volatile. Use tight stop-losses and position sizing to stay in control.
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