Tesla shares have support below. Earnings are out now, showing revenue growth, but a decline in profit margins.

Financials

Tesla Q2 financals can be found here.

Short Term Technical Outlook

From a technical aspect Tesla shares look supportive. Initial support now sits at $720, followed by $683. Towards the upside, tough resistance sits at $795. A break above here could take Tesla towards $827. RSI reads 58 on the daily timeframe, meaning more upside is possible. In the long term Tesla should hold up strong, and pricing at these levels is fair, but it could very easily drop further if inflation is not controlled.