Following the technicals of TSLA

Tesla, Inc

July 24, 2025

About TSLA

Tesla, Inc. is an American automotive and clean energy company based in Austin, Texas, that designs, manufactures, and sells electric vehicles, battery energy storage systems, solar panels, and related products. Originally named Tesla Motors, the company was founded in 2003 by Martin Eberhard and Marc Tarpenning, with the name honoring inventor Nikola Tesla. Elon Musk, who led the first funding round in 2004, became CEO in 2008. The company has been the subject of lawsuits and criticism regarding various issues.

Feature Story

Few companies need little introduction and Tesla is one of them. Whether you know about them via their electric cars, their CEO, their gadgets, their stock, or everything in between, Tesla has been on your radar.

Tesla has seen a crazy year since Donald Trump took office and Elon Musk became his right hand man before going their separate ways. Since the November election we’ve seen the price of TSLA go from roughly $215 to $486 and back down to $218 again. Now TSLA is currently standing at $331 premarket on it’s earnings day (7/23/25) This can all be seen in the daily chart below.

Although TSLA tends to move more on news rather than technical analysis, it doesn’t hurt to look and see if there are any patterns forming. Sticking with the daily chart below, we can actually see a trend forming. TSLA is experiencing lower highs with a relatively consistent support of around $270. This is generally a bearish signal. With less support moving upward and a constant retest of a support line, normally the next move would be down.

Here is where the hope lies with the company and not the stock. Today is earnings day for TSLA after the market closes. If TSLA can do better than expected in earnings, that could give the stock the boost it needs to break out of this trend in an upward fashion and restart a new upward trend. However, if they miss, than it could really make this bearish trend come true and retest the $269 range again sooner than later.

$269 would be an 18% drop. If earnings is negative, I don’t think TSLA falls 18%. I would like to see support in the $295 range first before going down that far.

A Final Note

Wall Street loves to say that when you invest in Tesla your not investing in a car company, you’re investing in a technology company. This is partially true. Tesla is a car company and their stock relies heavily on the success of their car sales. Tesla is also at the forefront of electric vehicle technology that has the rest of the automotive world playing catch up. Tesla is certainly a staple to any good portfolio, you just need to make sure you’re getting in at the right spot.

“Never financial advice, just a thought.”