Tesla (TSLA) Shares Jump After Musk’s Davos Remarks

This year’s Davos Forum has drawn attention not only because of developments around Greenland and Donald Trump’s proposed Peace Council, but also due to the appearance of Elon Musk, who has previously criticised the event. The world’s richest man made bold statements regarding Tesla’s Optimus humanoid robots, which became a key talking point.

According to Musk’s vision:

→ Tesla plans to begin selling Optimus robots to the general public by the end of 2027, with an estimated price of $20,000–$30,000, making them cheaper than a car.

→ In the long term, Optimus robots could account for up to 80% of Tesla’s total company value, while the robotics market — where robots may eventually outnumber humans — could generate trillions of dollars in market capitalisation.

These comments acted as strong bullish catalysts, and Tesla (TSLA) shares rose by more than 4% yesterday.

Technical View on TSLA

When analysing Tesla’s share price on 30 December, we:

→ updated the ascending channel that has been in place since summer 2025;
→ highlighted signs of market weakness;
→ suggested that TSLA could decline towards the lower boundary of the rising channel.

Indeed, the lower boundary was reached as early as 8 January. More recent chart data suggests that bulls are now regaining control:

→ a bullish engulfing pattern has formed (marked by the arrow) just below the channel’s lower boundary;
→ yesterday’s session opened with a bullish gap and closed near the highs;
→ trading volumes have been increasing on bullish candles, indicating strengthening demand.

As a result, it appears reasonable to expect that bulls may succeed in pushing TSLA back into the main ascending channel, potentially resuming the move towards the psychological $500 level. Whether this scenario plays out will largely depend on the outcome of Tesla’s quarterly earnings report, scheduled for release on 28 January.

Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.