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Tesla, Inc. (TSLA) has shown a notable recovery, with shares increasing by approximately 4.5% and surpassing the $250 mark. Analysts observed a strong closing performance, indicating a potential bullish trend if the stock maintains a close above the $275 level, which is considered a key yearly value. The recent price movement is characterized by a significant reversal from earlier lows, with some traders highlighting the formation of a weekly hammer candle, suggesting a potential upward momentum. The stock's performance has also been linked to broader market sentiments, as it approaches previous highs.


