TESLA SELLOFFS 📉
My forecasts of seeing more of TESLA’s stock price plummet 📉 have been correct! Since the start of the week, we have seen sharp drops in TESLA’s price.
Elon Musk promised not to sell more of his shares, but his word shouldn’t be trusted because he once said such and still sold some of his TESLA shares. All stock indices had a bearish Thursday. TESLA closed at -8.8%, the highest selloff for the week. Last week investors complained, telling Elon Musk to focus seriously on TESLA & not TWITTER. We will see what happens on Friday. TESLA’s selloff has been on demand concerns also. It’s been reported TESLA is implementing a hiring freeze and a new round of layoffs which would begin in Q1 2023.
All of these fundamental factors could lead to more selloffs in TESLA’s stock price 📉
Elon Musk promised not to sell more of his shares, but his word shouldn’t be trusted because he once said such and still sold some of his TESLA shares. All stock indices had a bearish Thursday. TESLA closed at -8.8%, the highest selloff for the week. Last week investors complained, telling Elon Musk to focus seriously on TESLA & not TWITTER. We will see what happens on Friday. TESLA’s selloff has been on demand concerns also. It’s been reported TESLA is implementing a hiring freeze and a new round of layoffs which would begin in Q1 2023.
All of these fundamental factors could lead to more selloffs in TESLA’s stock price 📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.