Will Tesla shares go down tomorrow

**Tesla shares are likely to face downward pressure tomorrow**, July 12, 2024, for several reasons:

1. **Recent Performance**: The stock has experienced a significant decline, with a percentage change of -8.44% on July 11, 2024. This indicates a recent trend of selling pressure that could continue into the next trading session.

|Ticker|Name|Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|TSLA.O|Tesla|-8.444123680012153|20240711|TSLA|185|

2. **Analyst Predictions**: Goldman Sachs analyst Mark Delaney has raised the price target for Tesla, but maintains a "hold" rating, suggesting that while there may be short-term gains, the long-term outlook is more cautious. This mixed signal from analysts could lead to increased volatility in the stock price.
3. **Production and Delivery Beat**: Tesla's recent delivery beat expectations with 443,956 vehicles in Q2, which could be seen as a positive sign. However, this news may have already been priced in, and its impact on the stock could be limited.
4. **Earnings Report**: The upcoming earnings report on July 23, 2024, is a significant event that could influence the stock's direction. However, as the report is still a week away, its immediate effect on the stock's movement may be limited.
5. **Market Sentiment**: The broader market sentiment towards Tesla remains mixed, with some analysts predicting a downturn in the coming months. This could contribute to a cautious approach by investors and downward pressure on the stock price.
6. **Regulatory and Competition Risks**: Tesla faces risks related to regulations and competition, which could impact its market share and financial performance. These risks could be exacerbated if there are negative developments in these areas.

In conclusion, while there are some positive factors at play, such as the recent delivery beat and the upcoming earnings report, the combination of recent price declines, mixed analyst sentiment, and broader market risks suggests that Tesla shares may face downward pressure on July 12, 2024.