$TSLA has been inside a consolidation triangle. Right now is at the top of the resistance channel of the mid and short term trend, which means it will retrace probably to the 230's or 220's level. After that this market may try to go for another leg aiming at the 1.618 Fibonacci level at 250's which has been a stronghold point of resistance. What will happen after that will depend on how the market will interpret the guidance. This market has been extremely tolerant with @elonmusk and it has allowed him to do whatever he wants.
Last ER conference he promised to meet the delivery guidance. In my personal opinion this is not likely to happen considering how Elon has created a bad reputation with not meeting goals, procrastinating, arriving late at the events and presenting unrealistic numbers. But the market has tolerated it, so he keeps on pushing the envelop.
Which direction the price will go after it breaks the consolidation will depend on how the market will interpret the delivery results and guidance in January.
Short term long target 250,
Last ER conference he promised to meet the delivery guidance. In my personal opinion this is not likely to happen considering how Elon has created a bad reputation with not meeting goals, procrastinating, arriving late at the events and presenting unrealistic numbers. But the market has tolerated it, so he keeps on pushing the envelop.
Which direction the price will go after it breaks the consolidation will depend on how the market will interpret the delivery results and guidance in January.
Short term long target 250,
