- Summary:
- Tesla Stock trades at $241 ahead of Q1 earnings. Can bulls defend $230 or will weak deliveries and China tariffs drive Tesla lower?
Tesla Inc. (NASDAQ:TSLA) is under pressure ahead of its Q1 earnings. Trading at $241.08 down over 43% from the December 2024 peak of $487.71 and -35 % year to date. Investors are watching closely to see if the EV giant can reverse this trend or fall deeper into correction territory.
Tarrifs Headwinds and Disrupted Demand Cloud the Outlook
Tesla’s Q1 numbers already set the tone for a weaker print. The company sold 336,681 vehicles in the first quarter, marking a 13% decline year-over -year. This news has hurt the sentiment further.
On the geopolitical font, China imposed counter tariffs of up-to 84% on US EV’s, a direct blow to Teslas model S and X lineup. this move limits Tesla’s access to profitable market and reinforces the idea that the macro risks could weigh on Tesla.
Goldman Sachs cut its price target to $260 citing demand risks pricing pressure and the company’s slow delivery pace.
Can Robotaxi Buzz Offset the Weak Numbers?
CEO Elon Musk continues to promote Teslas future facing bets, including the launch of the robotaxi service in Austin this June. While the market has responded positively to the long term vision, the near term investor patience may be running thin. Analysts believe that earnings from the robotaxi deployment will not materialize in a meaningful way until late 2026 the earliest.
Until then, Tesla remains vulnerable to earnings misses, margin pressure and macro crosswinds. This upcoming report will determine how much further the stock will actually fall.
Tesla Stock Price Analysis
- Price as of writing $241.08
- Pivot Level $248
- Immidiate Resistance $ 259
- Next psychological Barrier 270
- Support $230
Tesla must hold $230 or risk opening the floodgates towards deeper support. Earnings will determine if this turns into a fresh base or another lower leg.
Final Take On Tesla Ahead Of Earnings
As Tesla enters earnings at critical tipping point. A miss could accelerate the selloff into $215, while a beat and forward-looking guidance could spark a bounce toward $259. Untill then, all eyes are on the $230 support. Will it break or hold?