TradingKey – Tesla (NASDAQ: TSLA) is trading for $406.55, keeping it above a rising trendline on the 4-hour chart. The relative strength index is at 51, putting it in neutral territory. The shares found footing as investors processed the company’s June report on vehicle shipments that beat estimates, with the firm reporting it delivered 480,126 vehicles in the second quarter, 25% higher than the same period a year earlier. This was much higher than estimates of about 406,600, and the company posted a record 13.5 gigawatt-hours for energy storage deployments. 

Focus now is on Tesla’s Q2 report on July 22. Investors will be looking for news on automotive gross margins, the state of Cybercab, and if the company’s $25 billion capital…