Teslas now down 25% off its highs. Is it turn-around time?

Teslas share price has been steadily heading down for the last few weeks and dragging a lot of the EV market for both vehicles and miners with it.

RSI dipped into the low 40's but now that the Fed announcement is behind is, perhaps buyers might start to come back into Tesla.

It certainly seems to be at a reasonable value area. Feels like it just needs one positive announcement from Elon to rally.

Worth a watch.

Comment:

Be interesting to see what impact this has on the share price.

Paris taxi firm suspends Tesla fleet after fatal accident
By Reuters Updated 1140 GMT (1940 HKT) December 15, 2021

edition.cnn.com/2021...-accident/index.html

Comment:

Stock moved up 2% before crashing fairly hard with the rest of the market.

Comment:

Recovered around 25% of its drop from the low.