TSLA squeezes into resistance ahead of earnings

Tesla is set to report Q2 earnings after the closing bell on Wednesday, covering the quarter ending June 2025.  

The stock has been highly volatile this year, amid concerns about tariffs, Elon Musk’s politics (and nazi salutes), and his public clashes with President Donald Trump.  

Tesla bulls Wedbush think, “We are at a ‘positive crossroads’ in the Tesla story,” suggesting that investors will look past the current numbers and focus on Tesla’s long-term AI potential.  

Technically, Tesla is now testing a major descending trendline that’s capped every rally since December. The current price action resembles an ascending triangle pattern — a bullish structure — with resistance around $356 and a series of higher lows from May through July. This tightening formation suggests building pressure ahead of the earnings release.   

For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.        

Economic Calendar

Most Traded

Trading Opportunities

What data releases are at risk from the shutdown?

Can gold smash through $4,000 this month?

Bitcoin establishes early Uptober support base?

Positioning for a U.S. government shutdown: gold, Nasdaq 100, EUR/USD

Limited offer:

Get Free

The TraderKeys keyboard can take your gold trading to the next level, with preprogrammed hot keys enabling you easily execute and modify trades.

Join Now