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TSLA’s Key $237.63 Resistance Target

Written By: ChartChamp

July 2, 2024

Today Tesla reported better than expected delivery numbers. TSLA stock has gone on a nice rally, and has broken above the green zone. There is a key yellow resistance line ahead around $237.63. I think there will be a lot of sellers here, and there will be a pullback at this price target. Tesla reports earnings in the second half of July, and robotaxis are announced on August 8th. Tesla has missed earnings expectations for the past 3 quarters so investors might be a bit bearish headed into this upcoming earnings. Those who bought the bottom around $138-140, I think this could either be a long term hold or the yellow trendline is the target to exit for those who want to swing trade.

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