Automatic wave scan: as of 6 Nov 2026, the automatic daily count for Tesla is Wave 5 down with a bearish bias. The count stays valid while price holds 414.23.
Current Tesla wave count
Automatic wave scan Updated daily from the latest daily close (4 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 386.83 on 25 Sep 2026. Next levels to watch are 374.10 and 302.93. The count fails on a daily close above 414.23.
Key levels
| Type | Levels |
|---|---|
| Resistance | 414.23 · 388.56 |
| Support | 349.33 · 345.88 |
| Invalidation | 414.23 |
What is Tesla?
Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning, with Elon Musk joining early as chairman and lead investor. It is based in Austin, Texas. Tesla makes electric cars, batteries and solar products.
Tesla reports vehicle deliveries a few days after each quarter ends, and these numbers often move the stock before full earnings come out.
What moves the Tesla price?
- Vehicle deliveries: Quarterly delivery numbers are closely watched.
- Profit margins: Price cuts and costs affect margins.
- Self-driving and robotaxi plans: Investor hopes for autonomy drive much of the valuation.
- Competition: Chinese EV makers such as BYD compete strongly.
- CEO news: Public statements and other businesses of the CEO can move the stock.
How Tesla moves in Elliott Wave terms
Tesla's chart is full of large swings, with rallies of more than 100 percent and declines of more than 50 percent. Its 2019 to 2021 rally was a classic extended impulse. Corrections often take the shape of deep zigzags.
Because of its volatility, TSLA is useful for learning but demands strict risk control.
Tips for counting Tesla waves
Mark delivery report dates. Quarterly earnings reports often start or end a wave. Price gaps after results can skip over levels, so place stops with gaps in mind.
Tesla key facts
Tesla Elliott Wave FAQ
Who founded Tesla?
Martin Eberhard and Marc Tarpenning founded Tesla in 2003. Elon Musk led its early funding and later became CEO.
Why is Tesla stock so volatile?
Its value depends heavily on future plans such as self-driving and robotics, so changes in expectations move it a lot.
When does Tesla report deliveries?
Usually within the first few days after each quarter ends.
Sources and further reading
- Tesla filings (10-K and 10-Q) (U.S. Securities and Exchange Commission)
- Tesla Investor Relations (Tesla Inc.)
- Tesla, Inc. (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
