TSLS

TSLS gapped above its breakout zone with robust momentum, but is now extreme overbought and extended above the 9- and 21-day EMAs into resistance. Medium-term remains bullish under the Stage 2 momentum breakout, but near-term timing is unfavorable, so engagement should be deferred (Stalk) for a pullback into the EMA and prior resistance zone. Primary risks include failure to hold the EMA support and continued overbought pressure.

• ↑Q2 revenue of $15B and 550K deliveries; 2M-unit target
• ↑Redesigned Roadster with potential hovering tech drives excitement
• ↓Operating margin slipped to 7% despite record $15B revenue