The analysis for TSLA stock indicates a wedging pattern playing out. The stock is trading between the highs and lows established from late May into early June, showing lower highs and higher lows. A resistance area is identified at $332.56, capable of containing intraday buying pressure. A close above $332.56 could lead to a target of $344.27. The formation is expected to bump up to $356.95 within a ten-point range, gradually narrowing through August and possibly later into the year. A push back up into the $350s could test the $351.39 level and once tested can lead to a fall back to the $252.87 channel bottom within several months. Closing above $344.27 could prompt short-term traders to exit short positions. Closing above $356.95 may signal a reversal to a long position, targeting $417.86 within 3 to 5 weeks. Holding below $332.56 will likely keep $310.34 in reach.