According to media reports, Elon Musk has increased his stake in Tesla by more than one and a half times — previously, the billionaire owned approximately 13% of the shares, now he owns 20.5% of Tesla. And earlier it was reported that Musk wants to increase his stake in Tesla to at least 25%.

At the same time, the TSLA share price rose sharply in yesterday's trading by more than 6%, while the S&P 500 stock market index increased by “only” +0.6%.

The TSLA stock chart today shows that:
→ the price has overcome the psychological mark of USD 200 per share;
→ the price has overcome the resistance level of USD 195 per share;
→ a bullish reversal pattern inverted head-and-shoulders has formed on the chart.

The situation gives hope to the bulls in a disadvantageous situation, because:
→ TSLA stock price is in a bearish trend (as shown by the red channel);
→ the last quarter report disappointed investors — and the price formed a wide bearish gap at the end of January.

How determined are the bulls, will they be able to break the trend? This will show their ability to overcome resistance levels:
→ 206.0 – in the area of the upper border of the gap;
→ median line of the descending channel;
→ SMA line (100) pointing down.

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