Saad Ullah
⬤ TSLA slipped under its 100-day moving average during the latest session, but here's the interesting part—it happened on really light volume. That's worth noting because when you see a technical break like this without much selling pressure behind it, it often doesn't stick.
⬤ Right now, Tesla's trading in the low 430s and looks more stuck in neutral than anything else. While other big tech and chip stocks have been ripping higher, TSLA's been doing its own thing—which is pretty typical for Tesla. The subdued volume tells you there's no panic selling happening here, just investors sitting on their hands waiting for something to actually move the needle.
⬤ That something is earnings. The report coming up is what everyone's watching, and specifically what management says about Robotaxi. If Tesla gives clear, realistic guidance on when and how the Robotaxi business will actually start generating revenue, you could see the stock bounce back toward the mid-450s pretty quickly. But if the numbers disappoint or the guidance stays vague, there's room for TSLA to drift down toward the low 400s.
Saad Ullah
