Tesla shares surged 27% last week after better-than-expected second-quarter deliveries and building anticipation for the company's upcoming Robotaxi Day event. The rally pushed Tesla stock above the 50-day and 200-day moving averages and a prominent 12-month downtrend line, indicating strong buying momentum. Support may be found around $205, which connects major highs and lows from the past year and forms the neckline of an inverse head and shoulders pattern. Technical analysts view the stock's piercing candlestick pattern in late April as signaling a potential trend reversal from downward to upward.