TSLA Drill Team is Back
Against the background of everything that is happening, from a fundamental point of view, Tesla is facing significant headwinds as we approach its Q1 2025 earnings.
A 13% year-over-year decline in deliveries, ongoing margin pressures from price cuts, and negative consumer sentiment tied to Elon Muskโs political involvement are weighing on the company.
While the energy segment and potential updates on the affordable vehicle could provide some upside, the risk of a disappointing earnings report looms large, potentially exacerbating Teslaโs challenges in a competitive EV market.
Technically
We see that the price is consolidating near the lower boundary of the golden pocket on the FIBO channel on the 1-hour chart. For a few days now, the price has been holding just above the 240.00 support level, but the bearish trend remains dominant with 23 out of 26 technical indicators signaling bearish sentiment as of April 20, 2025.
Entry SHORT around 240$ targeting 220$
Post-earnings, we could see a breakdown below 220.00, targeting the next support at 216.00, from which the future prospects will depend.
Resistance levels: 270, 250, 240
Support levels: 220, 216, 210
The price is struggling to break above the resistance, consolidating over days. With earnings on Tuesday, thereโs a high probability of a breakdown if the report misses expectations or lacks clear guidance on growth initiatives.
A break and consolidation below 230.00 could lead to a decline toward 220.00 or even 210.00 in the coming week.
However, if Tesla surprises positivelyโparticularly with strong energy segment growth or clarity on the affordable vehicleโwe might see a reversal. Still, the current setup suggests caution, and weโll need to monitor the price reaction closely post-earnings.
Keep your long term vision NASDAQ:TSLA
