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Tesla snatched biggest gain in 11 years: How long will the rally last?
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Tesla: Trapped in a Tight Range Amid Robo Taxi Rumor Fade

$Tesla (TSLA.US)$ July surge fueled by Robo Taxi rumors. That surge was a classic case of "buy the rumor, sell the news," illustrating how markets often price in events before they actually happen. Musk's statement hinting at Cybercab production "before 2027" has raised eyebrows, given his history of missed deadlines. 🤔

Tesla has recently secured approval from local authorities near its Berlin gigafactory to proceed with a three-stage expansion plan. Despite facing protests, this green light allows the company to build infrastructure for storage, a battery cell test lab, and logistics on land it already owns. Whether this expansion will prove beneficial or problematic for Tesla remains to be seen.
Tesla: Trapped in a Tight Range Amid Robo Taxi Rumor Fade
Our limit order at $177 is still active, and the situation appears stable. To clarify the current state, we've included a fresh Tesla range chart. After reclaiming the range midpoint in July, Tesla briefly dipped below but bounced back strongly from $183, a key POC (Point of Control). Since then, Tesla hasn't hit any new highs or lows, keeping the stock within a narrow range. If Tesla loses the range midpoint, we could see a decline towards 183 or even 160. Conversely, breaking above the range high is crucial for additional momentum. 📈

Focusing on higher time frame levels and ignoring short-term distractions is vital.
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