Tesla Falls 1.43% to $435.79, Ending Six-Session Rally

Tesla shares closed down 1.43% at $435.79 on May 29, snapping a six-day winning streak that had lifted the stock roughly 6%. The pullback follows intense bullish positioning, including a surge in short-dated call options on May 25 and formation of a three-weeks-tight cup-with-handle base targeting a $453.40 breakout. Strong April European EV registrations, which jumped 67% year-over-year, and a raised $25 billion 2026 capex plan further fueled momentum earlier in the period. However, 24/7 Wall St. reiterated a Hold rating and $424.84 target on May 28, citing extreme forward multiples above 200x and execution risks around robotaxi and AI initiatives.