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Stocks

Tesla – Quick Update

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Monthly Open Articles Public Tesla
673

On September 26, I discussed the long-term outlook and cautioned that TSLA could be approaching an important move. After a roughly 9% decline from the top over the last two sessions, it’s an appropriate moment to re-evaluate and either reconfirm or adjust the perspective.

CANDLES

On Thursday, TSLA formed a strong Bearish Engulfing, and today it is on track to do the same on the weekly frame. If bears maintain this agility, be prepared for a Bearish Engulfing on the 8D frame on Wednesday, October 8. Although, the weekly signal alone is sufficient to be highly concerned.

ELLIOTT WAVE

This chart was shared on September 26.

The same chart today – a possible mid-term reversal from the target area.

After a Bearish Engulfing on Thursday, I slightly adjusted the downward target.

A sustained move below $367.71 would invalidate the potential larger impulse up and open a path to the target rectangle, with an ideal objective near $197 by mid-January 2026.

If TSLA confirms a weekly reversal next week (watch the 8D and 10D frames), Q4 2025 is likely to skew bearish with a potential 45–55% drawdown. After that decline, Q1 2026 has a good chance to deliver a strong rebound.

Review the Long Term Forecast on September 26, 2025.

Happy Trading!

Monthly Open Articles Public Tesla
673
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