Tesla stock rises 3.7% as Musk teases flying car prototype
Investor enthusiasm surged after Elon Musk hinted at a potential Tesla flying car prototype, describing it as the company’s “most memorable product.” The news drove TSLA shares up 3.7%, with trading volume reflecting renewed optimism for the company’s innovation roadmap.
Stock performance overview
As of November 3, Tesla’s stock traded at $456.06—an increase of 3.7% in the past 24 hours. During the trading session, the stock reached an intraday high of $457.65 and a low of $443.82, opening at $446.57.
- Intraday high: $457.65
- Intraday low: $443.82
- Opening price: $446.57
Technical outlook and trend strength
Tesla continues to hold a bullish structure, with prices remaining above key moving averages. The 50-day simple moving average (SMA) sits near $430, while the 200-day SMA has moved toward $400. Sustained trading above these levels demonstrates investor conviction in Tesla’s long-term trajectory.
Support and resistance levels
Support is seen near $430–$440, a zone where buyers have repeatedly entered the market. Resistance remains at $470–$480, where previous rallies have lost momentum. A confirmed breakout above $480 could propel the stock toward the $500–$520 range by year-end, while a drop below $430 might signal a retreat to around $400.
“Elon Musk called it the company’s most memorable product.”
Tesla stock momentum (September–November 2025)
Over the past two months, Tesla shares have steadily advanced, reflecting confidence in its innovation potential and broader bullish sentiment across the EV sector. Market participants continue to watch for confirmation of a breakout, anticipating new all-time highs.
Author’s Summary: Tesla’s 3.7% stock surge underscores market optimism following Musk’s flying car hint, reinforcing the company’s strong technical and growth outlook.