Tesla is expected to deliver approximately 377,592 vehicles for Q1â2025. Many analysts have since revised their expectations down to 345-355k vehicles due to increased competition, production adjustments that had to be made for the Model Y refresh, and consumer sentiment being down.
If $TSLA beats these delivery estimates then we should expect a break of 293 which has been a big resistance. The 293 break should move $TSLA to 325 especially if the overall momentum of the market is to the upside.
BUT WHAT HAPPENS IF THEY MISS by over 20%? The 218 support level will very likely break and we can see a flush to 183. This would also break $SPX local low it formed this week at 5488.
If $TSLA meets expectations we should still see a drop but to 239 which would get bought up within 2-3 days.
Regardless of what happens with these delivery numbers trade opportunities will arise over the course of the week. Puts can work under 218 for a move to 183 and Calls can work above 293 for a move to 325.
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