Tesla - Earnings release coming soon

TradingView2026/04/20 09:12

By:TradingView

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Last Friday, price came just shy of the 2.618 fib extension. This is within the target box for (a) and the exact area I said price should ideally make a local top. If this is the top of (a), then price will be headed to the $350's-$360's next for (b). Price did make a top on neg div which is a good clue that price could easily reverse soon. Rather that happens or not we just have to wait and find out. Given where price is and the structure that it has carved out, I would not be surprised if it does.

Earnings is this Wednesday. I have two thoughts about these earnings.

Option #1: price retraces to the aforementioned area prior to release with the release causing price to spike higher again kicking off (c) of B.

option #2: price chops in this area until earnings release. Once the report is made public, it will cause price to drop lower in the retrace we're expecting for (b).

I like option #2 better, but we will just have to wait and see.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tesla - Earnings release coming soon

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