WHERE IS TESLA GOING???
Tesla latest earnings report sent shockwaves to investors with earnings per share and revenue missing Wall Street expectations. The stock initially dropped in after hours trading but managed to rebound a little as the market digested the report . With mixed sentimental surrounding the automotive giants near term prospects, lets take a look at the stock technical positioning.
Tesla reported Q4 2024 earnings per share of $0.73, missing the concuss estimate of $0.76.
Revenue came in at $25.71 billion falling short of the expected $27.26 billion. From technical perspective Tesla is trading around $375 if this neckline break it shall test the support around 340- 257.Thats the area where buyers previously stepped in during November 2024.
Tesla reported Q4 2024 earnings per share of $0.73, missing the concuss estimate of $0.76.
Revenue came in at $25.71 billion falling short of the expected $27.26 billion. From technical perspective Tesla is trading around $375 if this neckline break it shall test the support around 340- 257.Thats the area where buyers previously stepped in during November 2024.
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MORE SELLS can be taken after the retest of the neckline
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.