Tesla Inc. (TSLA) has experienced a strong technical breakout this week, surpassing the $300 level, which analysts identify as a key resistance point. The stock's 20-day and 50-day simple moving averages (SMA) have crossed bullishly, with the 50-day SMA beginning to trend upward. Trading volume patterns show higher volume on up days compared to lower volume on down days, reinforcing the positive trend. Tesla's price has moved above five daily moving averages, four of which are rising, indicating sustained momentum. Recent price action tested the $340 level, with $352 suggested as a new breakout point. Tesla closed at $350, marking a decisive move above the previous $290 breakout level. Technical analysis and December options pricing suggest potential for Tesla shares to reach above $500 by the end of the year.