The analysis begins with a weekly chart of TSLA, noting it has settled above 361.85, establishing a 5-8 month objective at 524.11. This is set up by a two-and-a-half year channel top. The analyst suggests settling above 464.18 could sustain this bullish momentum. A narrowing range is present throughout the week. A drop back into the lower 360s is possible in 3-5 weeks. The presenter highlights the area between 361.85 and 524.11, the area that if broken the previous objective will be invalidated. The analysis recommends exiting short positions established in the 456.48 to 464.18 range, because if the stock manages to close above 464.18 this would invalidate the previous long target. The S&P 500 has a 5-year channel top that will have the potential to contain buying for the rest of the year.