Regulatory pressure on the company is growing: the U.S. National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Tesla due to long delays in reporting traffic violations involving driver-assistance systems and autonomous vehicles. The agency found that reports were delayed for months, while the requirement is five days from the incident. If proven deliberate, sanctions may follow.
Additionally, the price of the performance version of the Cybertruck rose from $99,990 to $114,990 due to changes in equipment: it now includes an autonomous driving system and free access to the charging station network.
On October 15, the Q3 financial report will be released: analysts expect revenue to rise from $22.5 billion to $24.56 billion versus $25.18 billion a year earlier, and earnings per share (EPS) from $0.400 to $0.487 versus $0.720.
Support and Resistance Levels
On the daily chart, the instrument is declining from the resistance line of the “triangle” pattern with dynamic boundaries at 345.00–310.00.
Technical indicators weaken the buy signal: fast EMAs on the Alligator indicator remain above the signal line, while the AO histogram forms corrective bars in the positive zone.
Resistance: 340.00, 390.00
Support: 303.00, 250.00
Trading Scenarios
Long positions may be opened after a breakout and consolidation above 340.00 with a target at 390.00 and a stop-loss below 320.00. Horizon: 7+ days.
Short positions may be opened after a decline and consolidation below 303.00 with a target at 250.00 and a stop-loss at 320.00.
Scenario
- Timeframe: Weekly
- Recommendation: BUY STOP
- Entry Point: 340.00
- Take Profit: 390.00
- Stop Loss: 320.00
- Key Levels: 250.00, 303.00, 340.00, 390.00
Alternative Scenario
- Recommendation: SELL STOP
- Entry Point: 303.00
- Take Profit: 250.00
- Stop Loss: 320.00
- Key Levels: 250.00, 303.00, 340.00, 390.00