Tesla registrations in California fell 21.1% in the Q2. Earnings tomorrow after the close ...Middle East

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Tesla shares are still up $4.50 or 1.32% on the day

Earnings Per Share (EPS):

Year ago: $0.52

Revenue:

Year ago: $25.5 billion

Last quarter, EPS came in at $0.27 on revenues of $19.34 billion.

Looking at the hourly chart, the price has rebounded above both the 100-hour and 200-hour moving averages, currently at $312.61 and $319.63, respectively. To shift the short-term technical bias back in favor of sellers, the price would need to break below both moving averages. Below that, an upward-sloping trendline comes into play near $299 (or round it to $300). A break of that trendline would likely open the door to deeper downside pressure.

In short, the stock is caught between well-defined support and resistance, and the next directional shove will depend on which side gives way, and that shove has the earnings to look toward.

Fundamentally, it was reported earlier today that Elon Musk is back to sleeping at the Tesla headquarters. He has been largely quiet of late, as the social media squabble between Trump and himself has died down. The CEO and founder is back to carrying the company full-time as it weathers the storms.

This article was written by Greg Michalowski at investinglive.com.

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