Tesla Inc. (NASDAQ:TSLA) saw a 12% increase in its shares, the strongest session since January 2022, despite Q1 2024 earnings missing Wall Street expectations. The surge was fueled by Tesla's plans for more affordable models and a positive rating upgrade from Bank of America. Analyst John Murphy highlighted Tesla's effective challenge management, cost-saving efforts, and potential revenue streams from licensing its Full Self-Driving technology. Technical analysis suggests a rebound from oversold levels, with a near-term target of $176, 9% below its 50-day moving average.