Tesla stock has been on a rollercoaster ride in the past year. After a period of rapid growth, the company has experienced a sales slump.
– Q2 Delivery Statistics (July 2024) – Q2 Earnings Call (Later in July 2024) – Tesla Robotaxi Reveal (August 8, 2024)
– Delivery numbers and earnings could disappoint, causing the stock to drop. – Robotaxi reveal could be a turning point, impacting Tesla's stock price significantly.
– Options data suggests investors expect a 15% move (up or down) by mid-August. – Some analysts believe the stock could rally despite potential delivery misses.
– The success of Tesla's robotaxi reveal is crucial for the company's future. – A successful reveal could justify Tesla's high valuation.
– Breakout above $206 (resistance level) could signal a positive trend. – A drop below the 50-day moving average (around $176) could indicate a selloff.
– Upcoming events are likely to end the recent period of calm for Tesla stock. – Positive news could lead to a rally, while disappointments could trigger a selloff.
– Tesla's stock price relies heavily on investor faith in Elon Musk. – The company's valuation is much higher than traditional automakers. – The future of Tesla stock remains uncertain.