|

Tesla Stock News and Forecast: TSLA CEO Musk discloses 9% stake in Twitter

  • Tesla CEO Musk owns nearly 1/10 of Twitter.
  • Twitter stock soars 20% in premarket.
  • Tesla stock is up by 1% in premakret.

Tesla (TSLA) CEO Elon Musk disclosed early on Monday that he had taken a 9.2% stake in Twitter. Elon Musk of course is one of the most-followed people on Twitter with over 80 million followers. Now he has put his money where his mouth is and taken a decent stake in the social media company. 

Tesla Stock News

TSLA stock has not reacted to the news but is 1% higher in Monday's premarket. Tesla closed last week after having gained over 7% as the recovery in global stock markets continued. Over the weekend Tesla released delivery data for the first quarter and that was a record number at 310,000. The number was slightly short of analyst estimates despite being a record. Analysts had feared that ongoing supply chain issues might hit deliveries, but this number should at least give comfort in that regard. Tesla said it had managed despite supply chain issues and a factory shutdown. This is referring to China, which is battling an outbreak of the Omicron strand of covid and has introduced multiple city lockdowns that have affected manufacturing sites across China. Tesla has also announced that its first quarter earnings will be released on April 20.

Tesla Stock Forecast

Tesla stock has made a strong recovery from the Ukraine lows and like most stocks has rallied significantly. Breaking $945 was key, and now the momentum is behind the stock. The delivery numbers should underpin recent gains. The next big resistance comes at $1,210. Note the Relative Strength Index (RSI) getting close to overbought.

Tesla (TSLA) stock chart, daily

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to PremiumSign In

Author

Ivan Brian

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

More from Ivan Brian
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD bears await break below 100-day SMA support near 1.1665 area

The EUR/USD pair attracts heavy selling for the second straight day and dives to a nearly four-week trough, around the 1.1670 region, during the Asian session on Monday. Bearish traders now await a sustained break below the 100-day Simple Moving Average before positioning for an extension of the recent pullback from a three-month top, or levels just above the 1.1800 mark touched on December 24.

GBP/USD falls toward 1.3400 near 50-day EMA

GBP/USD extends its losses for the second successive session, trading around 1.3420 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the 14-day Relative Strength Index at 53 has eased from near overbought, indicating that momentum has cooled while remaining above the midline. RSI holds above 50, keeping a modest bullish bias.

Gold on fire at the start of the week on US-Venezuela tensions

Gold regains upside traction early Monday as flight to safety prevails on Venezuela turmoil. The US Dollar finds strong haven demand, caps Gold’s upside as focus shifts to US jobs data. Gold’s daily technical setup suggests that more upside remains in the offing.

Bulls firmly in control as Bitcoin breaks $93K, Ethereum and Ripple extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve

Meme coins such as Dogecoin, Shiba Inu, and Pepe are leading the cryptocurrency market rally driven by the US cross-border operation to capture Venezuelan President Nicolás Maduro. Dogecoin extends its gain for the fifth consecutive day while SHIB and PEPE take a pause.