Oversold on , divergence on . Might consider going long if it throws a reversal pattern later this week, looks pretty weak today.
With $10B in debt and all of the big manufacturers coming out with electric vehicles despite low demand, I see this going back below $100 eventually. The stock market bubble is beginning to deflate, one little bubble at a time.
Looks to me like it broke support anyways.
The problem is that the market looks weak, and TSLA isn't gonna be able to fight the tide anymore. We'll see what happens.
I agree the market looks weak and will bring TSLA down. I don't really see a big dump coming in the near future. 275-285 seems like a solid range when glancing at the charts.
Might take another look next week, but I see no compelling reason to hold any long position over the holiday weekend.
Small position in WK and W puts. Not enough to give me heartburn though in case it gaps up.
In any case, TSLA is pretty good about throwing a reversal pattern before changing directions. All auto manufacturers tanked today including heavy trucks. I'm giving this another day or two before going in.