Tesla (TSLA) Shares Rally After Musk’s Davos Comments

The Davos Forum this year has stood out not only because of discussions around Greenland and Donald Trump’s Peace Council initiative, but also due to the presence of Elon Musk, a long-time critic of the event. The Tesla CEO drew significant attention with ambitious remarks about the company’s Optimus humanoid robots.

Musk outlined a bold vision:

→ Tesla aims to start commercial sales of Optimus robots by the end of 2027, with a projected price range of $20,000–$30,000, placing them below the cost of a typical car.

→ Over time, Optimus robots could represent as much as 80% of Tesla’s overall valuation, while the broader robotics market — potentially larger than the global human population — could add trillions of dollars in value.

These statements fuelled strong bullish sentiment, driving TSLA shares up by more than 4% in the previous session.

TSLA: Technical Perspective

In our analysis dated 30 December, we:

→ reaffirmed the validity of an ascending price channel that has been in place since mid-2025;
→ identified early signs of weakening momentum;
→ projected a possible decline towards the channel’s lower boundary.

That scenario materialised on 8 January, when the price touched the lower edge of the channel. Subsequent price action now points to a shift in momentum back in favour of buyers:

→ a bullish engulfing formation has emerged just below the channel floor;
→ the most recent session opened with a bullish gap and finished close to the daily high;
→ buying volume has been increasing on upward moves, signalling strengthening demand.

Taken together, these factors suggest that TSLA may re-enter the main ascending channel and attempt a renewed advance towards the psychological $500 level. However, confirmation of this move will largely hinge on the outcome of Tesla’s quarterly earnings report, due on 28 January.