TSLA market-structure snapshot

$TSLA: multi-source stock research

Tesla, Inc.

MARKET STRUCTURE

Latest close on July 24, 2026: $313.03 (-2.1% on the latest daily bar).

HMA21 / HMA55: $355.09 / $381.60. 200DMA: $414.71.

Relative volume: 1.46x the 20-day average.

Nearest resistance/watch zone: $383.14.

Price is below the 200DMA, so the long-term trend reference is still defensive.

FUNDAMENTALS AND VALUATION

Latest comparable filing period: 2026 Q2 ending 2026-06-30; filed 2026-07-23.

Comparable growth: revenue +25.5% YoY; net income -4.9% YoY; diluted EPS -3.0% YoY.

Quality and cash conversion: net margin 3.9% (-126 bp YoY); six-month YTD SEC free-cash-flow proxy $352.00M (-56.5% YoY).

Valuation snapshot: trailing P/E 284.6x; forward P/E 139.7x; EV/EBITDA 112.5x; P/S 11.9x.

Read-through:
• Revenue growth did not convert into net-income growth in the comparable period.
• Cash generation weakened versus the comparable period.

RECENT INSTITUTIONAL RESEARCH

• 2026-07-16 — Humanoid robot track: China accelerates scale, the United States focuses on localization of supply chains, and policy support becomes a common… (Deutsche Bank)

Deutsche Bank's quarterly report pointed out that the global humanoid robot market is accelerating. China leads the way in terms of production scale and policy support, with a target production of over 100,000 units in 2026; American companies are focusing on supply chain localization and cost optimization.

The report shows Hengli Hydraulics (601100.SH), Shuanghuan Transmission (002472.SZ), Tesla (TSLA.US) and other targets.

• 2026-07-14 — The humanoid robot industry is at an inflection point. Global shipments are expected to reach 1.75 million units in 2030, and the market size is… (J.P. Morgan)

The J.P. Morgan report focuses on China's robotics industry, covering the two major fields of humanoid robots and industrial automation.

The report believes that the global humanoid robot industry is at an inflection point, with global shipments expected to reach 1.75 million units in 2030, and the market size is expected to be comparable to smartphones and electric vehicles.

BOTTOM LINE

The technical structure is defensive, while the latest comparable period showed revenue growth but weaker profit conversion. The next confirmation must come from both price structure and the next reported operating data—not from narrative alone.

WHAT TO WATCH

• A reclaim of HMA21 near $355.09 would be the first meaningful stabilization signal.
• Whether the next filing confirms that revenue growth is converting into net income, EPS and cash flow.
• Whether the operating milestones identified in recent institutional research become measurable disclosures.

Research and technical observation only; not a trade recommendation.

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