<div id="readability-page-1"><div><div><p>A surprising shift is rippling through Wall Street: EVs are back and the market has just switched gears on <strong>Tesla, Inc.</strong> <span>TSLA</span>. Here's why one well-known trader thinks the stock is about to break out.</p><ul> <li><em>TSLA stock is racing higher. </em><em>Watch the real-time price action here. </em></li> </ul><p><strong>Dan Nathan</strong>, a trader on CNBC's &#34;Fast Money,&#34; turned bullish on Tesla stock Thursday. After a tough stretch for the EV sector, Nathan believes the EV business is back, with Tesla ready to run into the end of the quarter on a mix of technical factors and improving sentiment. </p><h2>The Technicals </h2><p>From a charting perspective, Tesla has quietly built a strong base with a series of higher lows over recent weeks. The stock has held its 200-day moving average and that resilience has drawn traders' attention. </p><p>Tesla has already begun to rally, gaining more than 12% in the last two days alone.  </p><h2>The Catalyst</h2><p>There's a catalyst ahead that could propel Tesla even higher: the third-quarter deliveries report due Oct.2. </p><p>The consensus estimate on Tesla's Q3 delivery numbers is conservative, with expectations sitting at the lower end of historical ranges. </p><p>Nathan said the upcoming delivery report could surprise to the upside as EV credits set to expire on Sept. 30 have likely pulled forward demand, leaving Wall Street underestimating the quarter's true strength. </p><p>A surprise to the upside on Q3 deliveries could provide another powerful pop for Tesla’s stock. </p><h2>The Sentiment</h2><p>Sentiment also plays a central role in Nathan's bullish call. </p><p>After months of skepticism about whether Tesla's growth story had peaked, the mood around EVs appears to be shifting. </p><p>With Tesla's technical setup aligning with a likely interest rate cut next week—and traders underweight heading into the Q3 delivery report—Nathan argues the risk-reward is weighted favorably to the upside.</p><p>He summed it up as a rare moment where both the technicals and sentiment appear to align, setting Tesla up for a powerful rebound.</p><p><strong>TSLA Price Action:</strong> Tesla shares were up % at $ on Friday, according to data from Benzinga Pro. </p><ul> <li><strong>Oracle Stock Rockets On $455 Billion Revenue Pipeline: Here’s What Wall Street Is Buzzing About </strong></li> </ul><p><em>Photo: Shutterstock</em></p></div></div></div>

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<p>Tesla stock has become a buy again, according to trader Dan Nathan on CNBC's "Fast Money." After a challenging period for the EV sector, Nathan believes Tesla is poised for a breakout due to strong technical indicators and improving market sentiment. The stock has gained over 12% recently, and the upcoming Q3 delivery report, expected to exceed conservative estimates, could further boost its price. With favorable technical setups and a potential interest rate cut, Nathan sees a favorable risk-reward scenario for Tesla's stock.</p>

- A notable shift in Wall Street sentiment indicates a bullish outlook for Tesla, Inc. (TSLA) as trader Dan Nathan highlights potential for a breakout.  
- Tesla's stock has gained over 12% recently, supported by strong technical indicators and an upcoming third-quarter deliveries report expected to exceed conservative estimates.  
- Improved sentiment around the EV sector, combined with favorable technical setups and potential demand pull-forward due to expiring EV credits, positions Tesla for a significant rebound.

Tesla Stock Just Became A Buy Again, Finally: Expert