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Tesla Inc. (TSLA) is poised to end its nine-week losing streak if it closes above $248.71, following a 44% decline during that period. The stock has gained 9.8% this week, spurred by an all-hands meeting led by CEO Elon Musk, with market sentiment suggesting that the recent selloff may have been excessive. Analysts indicate that TSLA's five-day model identifies $300.31 as a critical pivot point; a breach above this level could propel shares towards $320-$330, while a failure could lead to a pullback to $245.95. Since December, Tesla's market value has decreased by approximately $800 billion (€734 billion), with shares falling from a peak of $480. The company faces increasing competition, contributing to its stock volatility.
Tesla (TSLA) has been making a lot of news recently and for all the wrong reasons. The stock is down more than 50 percent from its all-time high three months ago, and while the skid has leveled off recently, it’s by no means certain that the bottom is in. https://t.co/aYTt2yRwNh
The market value of Tesla has fallen by roughly half since December. Competition is revving up for the carmaker. But it is not the only thing Elon Musk should be worried about https://t.co/3BffacRMrS
$800bn (€734bn) is a lot of money. This is how much value Tesla has shed since December. Back then, shares in the carmaker run by the increasingly controversial Elon Musk, hit a peak of $480 per share. At time of writing, that had halved. https://t.co/LYJWJxF2JX