Tesla Stock Forecast: Share Price Under Pressure After Elon Musk–Trump Fallout

Tesla (TSLA) shares have come under renewed selling pressure, following a sharp 16% one-day decline sparked by a public clash between Elon Musk and former President Donald Trump last week. The fallout has raised fresh concerns about Tesla's political and regulatory positioning, particularly in relation to potential changes in government contracts that could impact the company’s future revenue.

Tesla Stock Price Today: Pre-Market Action

As of pre-market trading, Tesla stock is priced at $289.30, down approximately 2.3%. With rising uncertainty around the company's strategic outlook and political headwinds, Wall Street analysts are beginning to show caution. Market sentiment suggests the risk of further declines is growing, making the coming summer trading months critical for investors and traders alike.

Key Support Levels to Watch for Tesla (TSLA)

Technical analysis of Tesla's stock price reveals several important levels to monitor:

• Immediate support sits at last week's low of $273.32. A sustained break below this level could open the door to increased selling pressure.

• Next, trendline support comes into focus near the $230 mark.

• However, a true technical breakdown would only be confirmed if the price dips below the April low of $214.30. Falling below this threshold would likely trigger wider concern among institutional investors and signal deeper downside risk.

Tesla Stock Resistance and Potential Upside Targets

On the upside, Tesla recently closed the gap between $306.97 and $311.55. For any bullish trend reversal to gain traction, the share price would need to break convincingly above the $350 level. Only then could we start talking about meaningful upside potential returning to the stock.

Stochastic Indicator: Downward Momentum Persists

Looking at the Stochastic oscillator, the indicator is currently falling sharply but has not yet reached oversold territory. This suggests that while additional downside isn't guaranteed, it remains a realistic possibility, especially in a politically sensitive environment.

Tesla Outlook Summer 2025: What Investors Should Know

In summary, Tesla's near-term stock forecast is under pressure amid political uncertainties, technical breakdown risks, and fading bullish momentum. While there's no clear signal of a full-scale reversal just yet, key technical levels—particularly $273.32 and $214.30—will be essential indicators to watch through the summer of 2025.