Speaking of Musk, today’s big rally in Tesla (see chart below) has led to a surge in his net worth, making him arguably the richest person to ever walk the planet at roughly $250B. As for the company itself, today’s move has driven Tesla’s market capitalization above $1T, putting in the rarified “quadruple comma” club with (only) Apple, Microsoft, Google, and Amazon as other such members.

Looking at the stock, its clear that the $1,000 level served as a big psychological target once we closed above $900 for the first time on Friday. Moving forward, it will be critical to watch whether shares can hold above the key $1,000 level this week, an area that coincidentally also marks the 127.2% Fibonacci extension of this year’s biggest dip. Above $1,000, the next level to watch from a technical perspective will be the 161.8% Fibonacci extension near $1,125; meanwhile a break back below previous-resistance-turned-support at $900 would throw the near-term bullish bias into question.

Speaking of Musk, today’s big rally in Tesla (see chart below) has led to a surge in his net worth, making him arguably the richest person to ever walk the planet at roughly $250B. As for the company itself, today’s move has driven Tesla’s market capitalization above $1T, putting in the rarified “quadruple comma” club with (only) Apple, Microsoft, Google, and Amazon as other such members.

Looking at the stock, its clear that the $1,000 level served as a big psychological target once we closed above $900 for the first time on Friday. Moving forward, it will be critical to watch whether shares can hold above the key $1,000 level this week, an area that coincidentally also marks the 127.2% Fibonacci extension of this year’s biggest dip. Above $1,000, the next level to watch from a technical perspective will be the 161.8% Fibonacci extension near $1,125; meanwhile a break back below previous-resistance-turned-support at $900 would throw the near-term bullish bias into question.

Speaking of Musk, today’s big rally in Tesla (see chart below) has led to a surge in his net worth, making him arguably the richest person to ever walk the planet at roughly $250B. As for the company itself, today’s move has driven Tesla’s market capitalization above $1T, putting in the rarified “quadruple comma” club with (only) Apple, Microsoft, Google, and Amazon as other such members.

Looking at the stock, its clear that the $1,000 level served as a big psychological target once we closed above $900 for the first time on Friday. Moving forward, it will be critical to watch whether shares can hold above the key $1,000 level this week, an area that coincidentally also marks the 127.2% Fibonacci extension of this year’s biggest dip. Above $1,000, the next level to watch from a technical perspective will be the 161.8% Fibonacci extension near $1,125; meanwhile a break back below previous-resistance-turned-support at $900 would throw the near-term bullish bias into question.

Speaking of Musk, today’s big rally in Tesla (see chart below) has led to a surge in his net worth, making him arguably the richest person to ever walk the planet at roughly $250B. As for the company itself, today’s move has driven Tesla’s market capitalization above $1T, putting in the rarified “quadruple comma” club with (only) Apple, Microsoft, Google, and Amazon as other such members.

Looking at the stock, its clear that the $1,000 level served as a big psychological target once we closed above $900 for the first time on Friday. Moving forward, it will be critical to watch whether shares can hold above the key $1,000 level this week, an area that coincidentally also marks the 127.2% Fibonacci extension of this year’s biggest dip. Above $1,000, the next level to watch from a technical perspective will be the 161.8% Fibonacci extension near $1,125; meanwhile a break back below previous-resistance-turned-support at $900 would throw the near-term bullish bias into question.