$TSLA๐ด
Tesla is at a crossroads ahead of the Robotaxi launch, which will take place tomorrow (10.10) ๐
๐ Some market analysts are optimistic about Tesla's Robotaxi event tomorrow.
๐ However, according to Ming-Chi Kuo's latest supply chain research, mass production of Tesla Robotaxi is only expected in Q1 2027.
๐ Since the implementation of Robotaxi could take a long time, according to those analysts, expectations for a significant rise in Tesla stock following the event are still premature.
In addition, Tesla recently published its monthly delivery report, in which it delivered 88,321 electric vehicles in China in September alone, representing a 19.2% increase compared to the same month last year, significantly below the company's annual target of 50%.
Since the beginning of the year, the company's stock has fallen by 2.6%, significantly below the market return, which stands at a positive 21.2%. This is after the incredible rise in recent months. ๐
What does the technical analysis say?
Here an interesting picture emerges: Tesla stock broke through the long-term resistance (marked in red) after testing it 5 times, with a breakout on the sixth attempt.
Currently, the company's stock appears to be consolidating above the resistance that turned into support and also above the 200-month moving average.
There is no assessment of what will happen from here, but if it consolidates and rises, it could reach the 300 handle.
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