$Tesla Motors(TSLA)$ Technical Analysis
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Earnings Update (22 Apr 2025) Tesla reported Q1 earnings yesterday. Market reacted positively intraday, but the price remains below the resistance of the moving average (around USD 280).
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Price Action
Currently trading at USD 237.97, up +4.6% post-earnings.
Still below the red shaded moving average resistance, which has capped recent rebound attempts.
Key Support & Resistance Levels
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Short-term support at USD 215
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This level has been tested multiple times since late 2023.
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A breakdown below 215 may signal weakness and open potential downside toward long-term support.
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Long-term channel support: USD 160–170
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Aligns with a broader ascending channel from 2022.
Trading Implication
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If TSLA holds above 215, short-term rebound possible.
If it breaks below 215, it may accelerate toward the 160–170 support zone.
Using DLCs for Short-Term Trading
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Short DLCs If TSLA breaks below 215 and shows weak momentum, short DLC (e.g. $TESLA 3xShortSG261006(TSXW.SI)$ ) will benefit and rise in price.
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Long DLCs If TSLA stays above 215 with a bullish signal, a long DLC (e.g. $TESLA 3xLongSG261006(TSYW.SI)$ )will benefit and rise in price. However, the moving averages act as resistance
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