Expect TSLA to face resistance and be rejected at 173, with potential downside to 150.

Now, speaking of SpaceX and Elon Musk, the company announced that it will reduce the random access memory (RAM) capacity in Tesla chips to make room for the Optimus robot. They have far exceeded delivery expectations , and Tesla shares have risen this week.

Let's move on to Tesla. The stock started the week at 365. Shares jumped more than 4.5 percent today, and rose by about 1.5 points over the week. This comes at a time when their core business of selling electric cars continues, and in fact seems to be doing very well.

Tesla's estimated deliveries for the third quarter were 464,000 units. The company delivered more than 486,000 units, including strong deliveries in European countries as people put aside their political anger and looked at global gasoline prices.

Now, Tesla is rescheduling the unveiling of its "Roadster" car to October 15. It was supposed to happen, I think, this week or maybe last week, but it seems the weather caused a delay.

The company is entering into a $30 billion credit agreement to finance its expansion. wow. We haven't seen the company resort to the debt markets, so to speak, for a while. The company has a lot of cash on its balance sheet .

It is actually a company with a very healthy financial position.

I expect these delivery figures, when released, will have profit margins good enough for Tesla, but this only illustrates the ambitious expansion they are planning. Tesla has released a sample order form.

That was a few weeks ago. If you want to get your own fleet of self- driving taxis and operate them within a city, they have started accepting applications for that.

Actually, I do n't think self-driving taxis will be a good business . I think so for Tesla, and also for investors. I see this business as having very low profit margins.

Now, the interesting thing here is that no press release has been issued on this matter, but Elon Musk confirmed on his "X" platform that they have reduced the RAM capacity in Tesla's chips that go into vehicles by about a third.

He said this was the only way to ensure sufficient production volume for the " Optimus" robot. This significantly reduces the cost.

This explains why we haven't heard much about the "Optimus" robot. The company made this clear in its conference call; they are not showcasing " Optimus," nor are they releasing teasers or leaks.

This strategy is very similar to the approach Apple still applies today, where they do not tease or leak products, do not showcase them, and do not display prototypes.

In Tesla's case, they are not showcasing their "Optimus" robot, but from people I've heard have access to some leaks, they say it is making progress, and I think this is another example that probably confirms that .

Tesla had a great week . It was rejected below its 200-day moving average , and now it is just rearranging its cards, so to speak. And now I've come up here. Tesla again in the short term.

We don't have many candles here, but you have formed a series of higher highs and higher lows over the medium term. If the momentum continues, you will face resistance here at the 173 level.

If you are rejected here, in fact, I expect a rejection to occur. There is plenty of support here at the 150 level, and traders will be targeting this level.