Heading to the 2QY2015 Tesla's Earnings Report we can see an alternating bull/bear sentiment. Unless a big announcement is released prior to Earnings we can expect a trading range between 250 and 272 under the Gap left after the ludicrous mode announcement and the sell off. A gap is a support if the prices are above it, and it acts as resistance on the way up, so I don't expect this to be broken before ER.
This stock is highly sensitive to events and news, and this company has been reporting loses. If this goes up or down it won't really be after beating or failing estimates, but after the actual car sales report and how the market interprets the company's outlook.
How Elon presents the vision of the future and how close the company is to the sales goals is what is really going to gravitate as the main criteria. To this point they are still behind the 55,000 goal, so they'll have to catch up, and we won't have model X deliveries until September if everything goes well for Tesla, so don't count on those numbers just yet.
This stock is highly sensitive to events and news, and this company has been reporting loses. If this goes up or down it won't really be after beating or failing estimates, but after the actual car sales report and how the market interprets the company's outlook.
How Elon presents the vision of the future and how close the company is to the sales goals is what is really going to gravitate as the main criteria. To this point they are still behind the 55,000 goal, so they'll have to catch up, and we won't have model X deliveries until September if everything goes well for Tesla, so don't count on those numbers just yet.