Tesla stock support at $700, where it’s going next | TSLA Technical Analysis, Price Predictions, News




Technical analysis, price predictions and news on Tesla stock for week ending 08/14/2021. Tesla trades sideways all week. The good news is it is holding above $700 support. The longer it proves it can hold above this level, the more likely it will run higher to the next key resistance level at $785. To the downside, if that $700 support fails to hold, we can see Tesla drop to the next key support level of the 50 and 200DMA at around $662

Tesla news this week includes:
- Jeffries upgrades Tesla from Hold to Buy with $850 price target
- Tesla China R&D Center to go online soon
- Tesla China sales drop in July
- Tesla Giga Shanghai’s new production rate is 450,000/year
- Tesla files to produce 5 more versions of Model Y at Giga Shanghai
- Tesla China hires Bai Chaoyang, ‘responsible for new media dissemination’
- Model 3 SR+ now sold out for rest of 2021, Model Y LR soon to follow
- Tesla Canada Model S/X deliveries pushed back to March-April 2022; Model 3 SR+ pushed to January 2022
- Giga Berlin expected to have at least one giga press up and running by October
- Tesla uses Blockchain technology to ensure sustainably sourced raw materials for batteries

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