Key Takeaways
- Tesla shares fell Thursday morning after the company’s quarterly profit came in short of analysts’ estimates, even as it returned to revenue growth following two quarters of declines. Â
- The stock looks set to break down below a pennant pattern in Thursday’s trading session, suggesting waning bullish momentum and the potential for a near-term pullback.
- A post-earnings drop could see Tesla shares test key support levels around $360, $292 and $267.
- During upswings, the stock could run into selling pressure near a zone of resistance between $465 and $489.
Tesla (TSLA) shares fell Thursday morning after the company’s quarterly profit came in short of analysts’ estimates, even as it returned to revenue growth following two…
