TESLA Is it a good buy after the Trump - Musk clash?

Tesla (TSLA) lost $150 billion yesterday, closing the session down by -14%, following President Trump's public feud with its CEO Elon Musk. Trump responded to Musk' criticism over the new tax bill, claiming that Musk was upset because the bill takes away tax benefits for electric vehicle purchases.

The obvious question that arises for investors is this: Is Tesla still a buy?

Quick answer? Yes. And once the dust from the fundamentals/ news settles, the technical patterns will prevail.

The long-term pattern since the January 03 2023 bottom has been a Channel Up. The recent April 07 2025 Low has been a Higher Low on this pattern as, even though it didn't touch the Channel's bottom, it did triple bottom on the 0.236 Fibonacci Channel retracement level.

This kick-started the new Bullish Leg of the pattern and yesterday's correction may be nothing more than the start of a Bull Flag formation, similar to those that took place half-way through both previous Bullish Legs.

You can even see how similar the 1W RSI patterns are among the 3 fractals, which have been Accumulation Phases before the start of the 2nd part of the Bullish Leg.

Even though the 1.618 Fibonacci extension is a technical possibility, we can settle for a $600 Target, which would fulfil the conditions of keeping the price action within the Channel Up by the end of the year.

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