Tesla remains weak below the $400 level
Despite reporting earnings per share of 41 cents versus 37 expected, and revenue of $22.39 billion compared to $22.64 billion projected, the main catalyst behind the selling pressure has been concerns about slowing demand and the need to lower prices to stabilize orders. These challenges have yet to be resolved and, for now, have weighed on market confidence in the short term. In this context, weakness could remain a key theme in the coming sessions.
Downtrend remains intact: Recent price action in Tesla continues to respect a well-defined bearish trendline that has been in place since December 2025. So far, there has not been a strong enough buying move to challenge this structure, keeping it as the most relevant technical factor. As long as selling pressure remains in control, the extension of this trend could continue to gain relevance in the coming weeks.
RSI: The RSI indicator is currently hovering around the 50 level, reflecting a balance between buying and selling forces. If this dynamic persists, indecision could become more evident in price action.
MACD: A similar pattern can be observed in the MACD, where the histogram remains close to the zero level, indicating a balance in short-term moving average strength. This reinforces the idea of a neutral phase in the market.
Key levels to watch:
$435: A level of recent highs located above the current bearish trendline. A move toward this area could open the door to the formation of a new bullish trend in the coming weeks.
$400: A key psychological level that aligns with the bearish trendline and the 50 and 200-period moving averages. This is the most important barrier on the chart, and sustained moves above it could invalidate the downtrend and support a more dominant bullish bias.
$344: A level corresponding to the 2026 lows. A move toward this area would reinforce selling pressure and could extend the current bearish trend in the short term.
Written by Julian Pineda, CFA, CMT – Market Analyst
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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