Tesla (TSLA) Price Forecast: Bullish Trend Tests Key Support Ahead of Earnings

TSLA’s bullish trend remains intact as long as $368.60 support holds. The 100-week moving average adds another layer of support near $358.66. Earnings may act as a catalyst for a breakout or deeper pullback. A move above $432.86 would signal improving short-term momentum. A break below key support levels would weaken the broader bullish structure.

Tesla’s Bullish Structure Faces an Earnings Test

Tesla, Inc. (TSLA) is scheduled to report Q2 2026 earnings next Wednesday, July 22, after the market closes. What do the charts for TSLA suggest about the trend and key support and resistance levels?

Starting with the weekly chart, the uptrend line was recently validated with a fourth touch and a successful test of support. A higher swing low of $368.60 was the result, further confirming the bullish trend structure of higher swing lows. Moreover, the level is now a key support level based on trend structure. This makes the $368.60 level an important area to monitor, as a successful hold would preserve the broader uptrend.

A drop below that level would signal a reversal of the uptrend and confirm a break below dynamic support at the uptrend line. That could lead to further selling and signs of weakness. The 100-week moving average near $358.66 and rising helps define dynamic support along with the uptrend line. Price was clearly rejected to the upside near that average during the formation of a higher swing low of $337.24 in April.