In the end of August of 2014, Tesla
completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA
with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA CEO Elon Musk
said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla
time, is actually "Late July".