Tesla stock FINALLY breaking out | TSLA Technical Analysis, Price Predictions, News


Technical analysis, price predictions and news on Tesla stock for week ending 07/31/2021.  Tesla finally breaks out of wedge and retests the top of consolidation range at $700.  The momentum has definitely shifted to the bull side, with key resistance at $700 for the near term.  A breakout above $700 would be an extremely bullish indicator, with the next key resistance coming in at around $760.  To the downside, we have support at $665.  A break below that, and we will find the next support at $648.  Finally, any break lower than that would likely take us to as low as the support at $637.


Tesla news this week includes:

  • Tesla Q2 2021 Earnings Review
  • China Survey: Model 3 ranks third for being one of the least complained cars in Q2
  • Tesla US Model Y Long Range estimated delivery dates pushed further from October to November
  • FSD V9.1 update coming Friday midnight
  • Tesla only auto manufacturer showing global revenue growth in comparison to Daimler, BMW, JLR, Volvo
  • Elon Musk defends GM Chevy Bolt recall regarding increased fire risk
  • Tesla Model Y/3 could already be sold out for 2021
  • NYC approves Revel’s fleet of Tesla taxis
  • Chamath Palihapitiya: Future will include autonomous and  connected vehicles
  • Tesla Model 3 catapults to #2 best-selling car in Europe in June
  • Elon Musk on FSD/Robotaxis: Getting it done
  • Cheaper, compact Tesla model may come sooner than you think

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