Tesla - macro pushes stock price down

TSLA price is in a consolidation phase since the beginning of 2021. The consolidation had a range low of $500 and highs of $900 and $1,100 in the last 2 years.

Current macro conditions are not supporting a bull rally. Electric vehicle market long term fundamentals are still positive. So, the sell-offs may be limited thanks to the supportive future prospects.

I think the consolidation will test it range lows in the next days, with a potential of a new low - $400-$500.

The market conditions (macro and micro) will be important and be decisive to a buying decision. However, I do not see any buying opportunity at the moment.

This is not a financial advice. Trade wisely.