Tesla (TSLA) Market Update

Tesla TSLA shares dropped nearly 7% after Elon Musk dismissed analyst Dan Ives' suggestion to scale back his political activities. Musk also proposed a new pay package, raising concerns among investors about potential distractions from Tesla’s core business.

📊 Upcoming Catalyst:
Tesla is set to report its Q2 earnings on July 23, with investors eagerly awaiting updates on the company’s financial performance and the newly launched robo-taxi service in Austin, Texas.

⚠️ Sentiment:
Recent bearish headlines include:
Concerns over potential Robotaxi issues
The ongoing Trump/Elon Musk political drama

📈 Trading Opportunity (Long Setup):
Despite the negative sentiment, this dip could offer a solid long entry opportunity:

Entry Zone: $275–$270

Take Profit Targets:
TP1: $315
TP2: $335

Stop Loss: Close below $265