{"id":28553,"date":"2026-06-15T09:17:47","date_gmt":"2026-06-15T09:17:47","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=28553"},"modified":"2026-06-15T09:22:02","modified_gmt":"2026-06-15T09:22:02","slug":"tesla-cup-and-handle-june-2026","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/tesla-cup-and-handle-june-2026\/","title":{"rendered":"Potential Value Play: Massive Cup and Handle on TESLA Targets $765"},"content":{"rendered":"\n

Tesla rose alongside SpaceX on Friday, continuing its rise from Thursday after tailwinds from a potential peace deal between the US and Iran.<\/p>\n\n\n\n

The chart is now looking very interesting as Thursday’s low looks like a retest of a potential ”handle” of a year long cup and handle formation<\/a>. <\/p>\n\n\n\n

\n
https:\/\/video-ideas.tradingview.com\/1\/103777368-b0y51FV9XWssjjUD.mp4<\/a><\/video><\/div>\n<\/div><\/figure>\n\n\n\n

For now, markets appear to be risk-on <\/strong>because of the expected signing of the MOU, or memorandum of understanding, by Friday.<\/p>\n\n\n\n

The MOU is expected to lay the framework for a potential US-Iran peace deal and the reopening of the Strait of Hormuz. If this lowers geopolitical risk and eases oil pressure, high-beta stocks like Tesla could continue to benefit from stronger risk appetite. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In addition, the Tesla-SpaceX merger narrative gained fresh fuel when CNBC asked SpaceX president Gwynne Shotwell about speculation that both companies could eventually merge.<\/p>\n\n\n\n

Shotwell said a merger \u201cmight make Elon\u2019s life a little easier\u201d and added that there was \u201cno question\u201d future synergies exist between Tesla and SpaceX. Markets took this as a positive signal for the wider Elon Musk ecosystem.<\/p>\n\n\n\n

This is also a signal that markets are increasingly looking at Tesla through a broader lens,<\/strong> including AI, robotics, autonomous driving, energy storage, manufacturing scale, and potential overlap with SpaceX<\/strong>.<\/p>\n\n\n\n

So while there is no confirmed Tesla-SpaceX merger, the market now has more reason to keep pricing the \u201cElon premium\u201d back into Tesla.<\/p>\n\n\n\n

Tesla\u2019s larger cup and handle structure remains in focus, with the neckline around $488.5 and the measured-move target near $765.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Currently, Tesla is retesting the $365-$380 breakout zone of a descending channel\/the potential handle with $412, $445, and $488.5 acting as the next upside levels.<\/p>\n\n\n\n

Should the price of Tesla break above the $488.5 zone and hold, we could be seeing the early stages of the cup and handle pattern playing out.<\/p>\n\n\n\n

The measured-move target would be around $765, which is close to a 56% gain from the neckline area.<\/p>\n\n\n\n

Before that, Tesla still has local resistance levels to clear. The first area to watch is around $412. After that, the next resistance is around $445. Then comes the bigger neckline near $488.5.<\/p>\n\n\n\n

Zoomed in, we can also spot an oversold signal on the Stochastic RSI<\/a> which is supportive for bullish reversals.<\/p>\n\n\n\n

But, if Tesla loses the $365-$380 zone, the bullish retest becomes weaker. In that case, price could fall back towards the prior consolidation zone around $300-$320.<\/p>\n\n\n\n

For now, Tesla remains a potential value play rather than a confirmed breakout.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla is retesting a key breakout zone after a sharp pullback, while macro headlines and Elon\u2019s SpaceX comments keep the bullish structure alive.<\/p>\n","protected":false},"author":159,"featured_media":28591,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-28553","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nPotential Value Play: Massive Cup and Handle on TESLA Targets $765 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Tesla is retesting a key breakout zone after a sharp pullback, while macro headlines and Elon\u2019s SpaceX comments keep the bullish structure alive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/tesla-cup-and-handle-june-2026\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Potential Value Play: Massive Cup and Handle on TESLA Targets $765 - 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