- Tesla releases results after the closing bell today, Monday, July 26.
- TSLA has been largely trading rangebound along with the 200-day moving average.
- Results to June should at least give some direction to the stock.
Update: Tesla is making an early break higher ahead of the results being published after the close on Monday. The EV leader is up 2.5% at $659 at the time of writing with just over an hour gone from the open. An impressive gain but still nothing to get too excited about as a strong trend has yet to form. However short-term traders will be pleased to see TSLA stock retake the 9 and 21-day moving averages. Next target $700 and then $715.
Tesla has been holding steady around the 200-day moving average since the middle of June when the strong uptrend broke down. The move through $635 and $667 key resistance levels had been accurately called here at FXStreet, and the volume profile contributed to some strong moves and strong profits for those following the break. As we had also identified, the area from $690 to 715 was always likely to see Tesla stock get stuck in traffic (easy pun) as there was a lot of volume here. $715 was the next big resistance and the failure to break through here and even the psychological $700 level has seen largely directionless sideways trading. The 9 and 21-day moving averages show us this clearly with both flatlining. Hopefully, the results after the close today will at least give us a trend to follow for the next opportunities.
-637628947553410593.png)
Tesla key statistics
| Market Cap | $630 billion |
| Price/Earnings | 651 |
| Price/Sales | 22 |
| Price/Book | 28 |
| Enterprise Value | $753 billion |
| Gross Margin | 23% |
| Net Margin |
3% |
| Average Wall Street Rating and Price Target | Hold, $671 |
Tesla stock forecast
Making a strong forecast before results is a fool's game, but instead traders can focus on the key levels and work out a trading plan at these levels. Presently, $715 and $591 are the big volume-related levels to look at. A break above or below either sees the potential for the move to accelerate due to the volume profile chart seriously thinning out. Even if Tesla breaks the 200-day moving average, there is plenty of volume below to support the price. It is not too significant despite what many in the mainstream media will say. Yes, the 200-day is a key level, but not in this case. Look back to May and June, Tesla was yoyo-ing through the 200-day moving average constantly. It was not until it broke $635 that a trend was formed and things got interesting.
Earnings per share (EPS) are expected to come in at $0.96 on revenue of $11.2 billion. There will be a conference call at 1730EST/2230GMT. Details and a link to the live stream conference call are here.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD drops below 1.0800 on Trump's 'Liberation Day'
EUR/USD is back in the red below 1.0800 in the early European morning on Wednesday as investors rush for the safe-haven US Dollar, aniticpating US President Donald Trump’s long-threatened “reciprocal” tariffs package, due to be announced at 20:00 GMT.
GBP/USD trades with caution above 1.2900, awaits Trump’s tariffs reveal
GBP/USD is trading with caution above 1.2900 early Wednesday, struggles to capitalize on the overnight bounce amid resugent haven demand for the US Dollar. Traders remain wary heading into the US 'reciprocal tariffs' announcement on "Liberation Day' at 20:00 GMT.
Gold price remains close to record high amid concerns over Trump’s reciprocal tariffs
Gold price regains positive traction amid concerns about Trump’s aggressive trade policies. Fed rate cut bets keep the USD bulls on the defensive and further benefiting the XAU/USD pair. A broadly stable risk sentiment might cap gains ahead of Trump’s tariffs announcement.
ADP Employment Change projected to show US job growth gaining in March
The US labor market is poised to steal the spotlight this week as concerns over a potential slowdown in economic momentum remain on the rise — an unease fueled by recent signs of slower growth and troubling underlying data, aggravated by the ongoing uncertainty surrounding US tariffs.
Is the US economy headed for a recession?
Leading economists say a recession is more likely than originally expected. With new tariffs set to be launched on April 2, investors and economists are growing more concerned about an economic slowdown or recession.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.