Tesla: bearish double top pattern

Tesla's Robotaxi Day had ambitious goals but lack details. No business plans on how to achieve them. No details on how to achieve the required safety. No affordable Model 2 was unveiled which means that deliveries may fall in 2025 and 2026. The market is disappointed.

The chart is forming a bearish double top pattern. Q3 results may be weaker than expected, given weak Q3 deliveries. It may fall to support around 182 or lower.