Tesla Inc (NASDAQ: TSLA) looks like it’s about ready to make another major move, and this time, it could be the one that finally sends the stock to $500. After spending the past few weeks consolidating between $400 and $470, shares are showing all the signs of a bullish setup that’s about to resolve higher.
The stock is already up more than 100% since April and is sitting pretty, only a few percentage points below its all-time highs. At the same time, several tailwinds are starting to align ahead of what could be another breakout - it feels like the calm before the storm, in a good way.
