The Long Investor
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$TSLA TOP 20
🕑 Added 2025-04-22 19:51:24 +0000 UTC$TSLA reports after the close and it is likely going to cause some volatility for the stock.
Rumours have been circulating that Elon will step away from DOGE and this is likely be a good sign for $TSLA but this may be announced to cushion the blow of a weak earnings.
We know sales and market share has been declining and most Car companies have been taking a hit lately as they are cyclical stocks and when there is a concern that an economy goes into a recession, then people will hold off from buying a new luxury item like a car.
There is already talk that $TSLA is halting the release of a new Model Y too.
$TSLA is below its 200 WMA so many will argue that this is factored in now...but we can not assume that right now.
The downside risk levels will be the:
0.78 Fib at $214 again, which has been tested since Feb
And the 0.887 Fib at $178.
Holding on either of these levels is not a bad sign in my opinion.
Losing $178 and the price is looking very weak and a large drop can happen to below $114, which was the 2023 low.
Big ER coming up.
Comments
Chris H
Release of the new model Y? It’s already been released no?
