Tesla prepares to unveil new Roadster in Texas: Can TSLA avoid further losses?

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Tesla slides 2.78% to $356.77 today

Highlights

Tesla will present its next-generation Roadster at an event in Waco, Texas, on October 15, 2026.
The company is scheduled to release third-quarter earnings on October 21, 2026, and has begun rolling out FSD v14.3 Lite for older Model S and Model X vehicles.
Shares of Tesla closed down 2.78% at $356.77 and trade with strong bearish momentum, with the expected range for the next 2 to 3 days at $345.93 to $367.61.

Roadster event and earnings timing spur positioning under sustained selling

Tesla is preparing to unveil its next-generation Roadster at a dedicated event in Waco, Texas, on October 15, 2026, an initiative highlighted by Teslarati that is set to attract stakeholder attention and influence sentiment in the lead-up to future product launches. The company is also slated to report third-quarter earnings on October 21, 2026, a scheduled event noted by Seeking Alpha that serves as a near-term catalyst and may prompt cautious positioning among investors ahead of results. In parallel, Tesla has started rolling out the Full Self-Driving (FSD) v14.3 Lite update for older Model S and Model X vehicles, broadening feature access for current owners, according to Teslaoracle. These developments arrive as current price action remains under broader selling pressure.

Bearish technical signals deepen as price holds below key resistance

On the technical front, TSLA trades below the MA-20 ($372.51) and MA-50 ($375.94) on the H1 chart, as well as beneath the MA-200 ($388.91) on the daily timeframe. The Ichimoku Kijun at $374.35 currently acts as the nearest resistance level. Key support is found at $345.93, while resistance is set at $367.61. Technical indicators show MACD and ADX in Sell mode, with CCI also bearish. RSI registers at 38.31, confirming negative momentum without yet reaching oversold territory, and Stoch RSI stands Neutral. Bull/Bear Power is oversold, reflecting persistent selling dominance intraday, while the Awesome Oscillator remains Neutral, indicating no clear directional confirmation from that signal.

Downside favored as rebound odds diminish within defined trading range

Over the next 2–3 trading days, TSLA is expected to trade within a volatility band between $345.93 and $367.61. The probability of a rebound is considered very low, while the likelihood of a further decline is high, with sellers remaining in control. The base case sees price fluctuating sideways within this range. A move above $374.35 (the Ichimoku Kijun) could trigger a limited recovery, but a decisive drop below $345.93 would open the path to additional downside risk.

Anton Kharitonov, expert at Traders Union, sees sustained selling pressure dominating Tesla despite upcoming events and software updates. Technical signals remain bearish, and sentiment is weighed down by price holding below key resistance levels. He believes near-term upside is limited unless a break above $374.35 occurs. "With sellers in clear control and support at $345.93 under threat, I remain cautious until the technical picture improves."

Earlier, analysts noted that a potential merger between Tesla and SpaceX could serve to streamline management and accelerate joint projects, though such a move would require significant shareholder and regulatory approval. With Tesla now trading under sustained pressure and key technical signals indicating limited rebound probability, investors should closely watch the $345.93 support level for signs of further downside risk in the near term.

Source of Data: TSLA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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