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Tesla Stock Holds Rising Channel as Cybercab and FSD Progress Put $369 Breakout in Focus

Tesla Stock Holds Rising Channel as Cybercab and FSD Progress Put $369 Breakout in Focus

TradingKey – Tesla starts the 9th with $368.16 verified close on the 8th (3.98% gain on the reference $368.24). Price is continuing to rise in the channel, with a channel breakout level at $368.57. Price recently recovered from the July $297.57 low. The fundamentals present a mixed picture that is more complex than presented by the chart. European FSD approvals are expanding, negative free cash flow, and a loss of momentum in China are countered by the launch of limited operations of Cybercab in the U.S. and the expansion of approval of FSD in Europe.

Cybercab Is Now a Real Operating Business, but Still Tiny

As of the first of September, Tesla had 45 Cybercabs registered in Texas among 420 autonomous Tesla vehicles, while limited Cybercab…

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