Following the close of the main trading session on 29 January, Tesla (TSLA) released an earnings report that fell short of analysts' expectations. The company reported:
→ Earnings per share (EPS) of $0.66, below the expected $0.74.
→ Revenue of $25.7 billion, missing the forecasted $27.3 billion.

Despite this, Tesla’s stock chart shows that the candle on 30 January closed around the key psychological level of $400, approximately 2% higher than the previous day’s close.

Investor concerns over weak quarterly results may have been offset by Elon Musk’s optimistic outlook, as he suggested Tesla’s business would return to growth in 2025, driven by:
→ New, more affordable electric vehicle models.
→ Progress in autonomous driving technology.

According to Business Insider, Musk stated that:
→ Tesla will begin testing a paid autonomous vehicle service in Austin, Texas, by June 2025.
→ The Full Self-Driving (FSD) software will undergo human-free testing in multiple states, including California, within a year.
→ Tesla is on track to become “the most valuable company” in the world, with strengthened production lines making 2026 an “epic” year.

The technical analysis of Tesla (TSLA) stock shows that the bullish momentum (marked by the orange curve), which was supported by the market’s reaction to Trump’s victory, has already weakened as the price has broken below this trendline. Meanwhile:

→ The $433 level has acted as strong resistance, turning the price down three times (marked by black arrows), indicating bearish confidence that TSLA is overbought above this point.
→ The 2025 low around $385 serves as key support, preventing a deeper decline into the long-term rising channel (shown in blue).

TSLA’s price may fluctuate within this range until a fundamental catalyst shifts market sentiment.

Analysts, however, remain sceptical about TSLA’s outlook. According to TipRanks:
→ Only 12 out of 33 analysts recommend buying TSLA shares.
→ The 12-month price target averages $335, below current levels.

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