The Stock Levels to Watch
If earnings disappoint and the stock drops, that could bring the $200 level into play. That’s close to Tesla stock’s 200-day moving average, says Fairlead Strategies analyst Will Tamplin. He says he “wouldn’t be surprised to see [the stock] dip below [that level if] there is a negative reaction to earnings,” he adds. If Tesla stock breaks below $200, Tamplin sees support at $189. That’s a level where buyers have snatched up shares before.