Elon Musk's wealth soared to $769 billion following the Delaware Supreme Court's reinstatement of his $56 billion Tesla compensation package.
Court Ruling on Tesla Pay Deal: Delaware’s Supreme Court reinstated Elon Musk's $56 billion Tesla pay deal, boosting his net worth to $769 billion and positioning him closer to becoming the first trillionaire.
SpaceX Insider Share Sale: SpaceX is preparing for an insider share sale that could value the company at $800 billion, potentially leading to the largest IPO ever and increasing attention on both SpaceX and Tesla.
Investor Proposal for SpaceX IPO: Investor Billy Ackman proposed merging SpaceX with his acquisition company, SPARC, allowing Tesla shareholders to invest in the SpaceX listing or cash out, while aiming to raise significant capital.
Market Reactions and Predictions: The anticipation of a SpaceX IPO is driving Tesla's stock up by 48% year-to-date, with investors speculating on the potential benefits of the listing for both companies.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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