TESLA
Elon Musk's premonition of a possible recession plunged Tesla's share price by 9%.
Before the employees of the American company had time to move away from the recent letter about the ban on remote work, as the head of Tesla, Elon Musk, said that he had “very bad feelings”, so he plans to fire every tenth employee of the company in order to optimize business processes in the company, after which Tesla shares fell immediately by 9% in US trading on Friday. It is worth noting that the company's capitalization has been falling over the past two months and is under strong bearish pressure as part of a steady downward trend. The current support level of $700 per share is in the middle of the descending channel, the probability of a downtrend movement remains to the level of $550 per share. If the current level of $700 per share holds, then it is possible to break through the upper limit of the descending channel and fix above the level of $800, which will generate buying interest.
Elon Musk's premonition of a possible recession plunged Tesla's share price by 9%.
Before the employees of the American company had time to move away from the recent letter about the ban on remote work, as the head of Tesla, Elon Musk, said that he had “very bad feelings”, so he plans to fire every tenth employee of the company in order to optimize business processes in the company, after which Tesla shares fell immediately by 9% in US trading on Friday. It is worth noting that the company's capitalization has been falling over the past two months and is under strong bearish pressure as part of a steady downward trend. The current support level of $700 per share is in the middle of the descending channel, the probability of a downtrend movement remains to the level of $550 per share. If the current level of $700 per share holds, then it is possible to break through the upper limit of the descending channel and fix above the level of $800, which will generate buying interest.