The run and huge gains where to a point earned, but the bear market doesn't care for earned gains right now. Breaking 180 EMA with and going down with the market. I thought 500 would hold but 430 and 407 would be the next point of entry and should show consolidation around this area. I see it very hard to go below 380 as of the new Battery Investor Day, at the end of the month, and Model Y now rolling out.
I wouldn't make any predictions right now. Tesla is holding on strong but this is the panic before the storm. Will wait to see delivery numbers first. If I had to make any prediction right now it would be that Tesla postpones battery day.
victorur
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Tesla price target, delivery estimates cut at RBC on concern about 'very low, second-quarter demand. Target to $380 from $530