Is a Breakout to $600 In the Cards for Tesla Earnings? Before we get started, we’re hosting a very special roundtable presentation at 3 p.m. ET today. Roger Scott, Kane Shieh, Chris Pulver, Alex Reid, Nate Tucci, Graham Lindman and myself, Jeffry Turnmire.
 We’ll discuss Trump’s impact on the market, and our No. 1 trade ideas for 2025…
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This section is going to be jam-packed with actionable information so don’t be late!
Now, let’s talk Tesla, which is back in the spotlight as it prepares to report earnings on Jan. 29.
For traders, this event is always a wild card — full of potential and unpredictability. With Tesla’s recent price action hinting at a possible reversal and the potential for a breakout to $600 or higher, there’s a lot to unpack as we head toward the big day.
First, let’s get one thing straight — Tesla’s earnings don’t follow a predictable script. Over 70% of the time, the stock sees a drop after reporting, but in nearly 30% of cases, it delivers explosive gains.
And here’s the kicker: There’s no clear connection between Tesla’s pre-earnings price trends and its post-earnings moves.
That means whether the stock is rallying or falling into earnings, it doesn’t provide a reliable clue about what’s coming next. This unpredictability is a double-edged sword for traders. It creates opportunity, but it also demands careful risk management. Is $600 in Play? Right now, Tesla is holding key support levels and showing signs of strength. After backtesting prior highs, the stock has bounced and is flirting with a potential breakout.
If it clears its immediate resistance levels, the next upside targets fall in the $528–$600 range.
The $600 level aligns with historical Fibonacci extensions, making it a high-probability target if the reversal gains traction. However, this setup hinges on Tesla maintaining its support and breaking through key resistance before earnings. Implications for Consumer Discretionary Tesla’s earnings don’t just impact the stock — they influence the broader Consumer Discretionary sector (XLY) and even the Nasdaq 100 (QQQ). A strong report could boost sentiment across the sector, while a miss might drag it down.
For traders with a sector-wide view, this makes Tesla’s earnings a must-watch event. Leveraged ETFs or options on XLY could be worth exploring for those looking to capitalize on the ripple effects.
Bottom line, Tesla’s upcoming earnings are a classic high-risk, high-reward setup. With the potential for a breakout to $600 or higher, traders need to be disciplined and adaptable. Stick to defined technical levels, manage your risk, and avoid letting personal bias cloud your judgment.
Whether Tesla delivers a post-earnings pop or drop, the key is staying prepared for either outcome. This isn’t the time to gamble — it’s the time to trade smart and protect your capital.
Earnings day is coming fast, and Tesla never fails to deliver drama. Let’s make sure we’re ready to capitalize on it. Jeffry Turnmire
Jeffry Turnmire Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
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*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. _______________________________________________ See How Jeffry’s Targeting What Could Be Our Next BIG Win… LIVE AT 1 PM ET!
Jeffry Turnmire will be in the LIVE room at 1 p.m. ET today, Jan. 14, to share the three tickers he’s targeting for the 1,000 Wins Challenge.
And so far in 2025, he’s been able to lock in over 68 wins already…
Like on Jan. 8, for example…
Anyone who followed along with him would’ve bagged a sweet 86.32% gain on QQQ…
A mouthwatering 82.07% on TSLA…
And an 86.38% gain on MSFT…
Naturally, there were smaller wins and those that did not work out, but you see that while other day traders can lose a lot of money, Jeffry’s been taking his shot at a big daily ROI. The profits and performance shown today are not typical. We make no future earnings claims, and you may lose money. From 7/10/24 - 12/30/24, the result was a 75.6% win rate on 1,348 trade signals with an average hold time of less than 24 hours on the underlying stock. _______________________________________________ Today’s Daily Chart Setup: Oil States International (OIS)
By Jeffry Turnmire
 This idea came directly from my Daily Chart Setup that automatically signals potential plays. - OIS is a new potential entry. Target: 6.03 Stop below: 3.52
- OIS has a historical win rate of 94.12%
- OIS has a profit factor of 12.996
- OIS trades last 36 trading days on average over 17 trades since 2001.
This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.
How the Daily Chart Setup Works
Here’s a more detailed description of how the pattern triggers:
1. The price breaks upward through the orange Market Roadmap Line.
2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months.
3. Once it touches the line and starts moving back up, that signals an entry.
I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!
You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! _______________________________________________ Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3…
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