I think tesla is over sold again. Last time it was oversold and was a green day, it significantly went down the next day. As much as I'd like to get my hopes up, there needs to be a healthy correction whenever its oversold in such a short period of time. HOWEVER, there may be growth for tesla long term.
Tesla is over sold the last 2-3 weeks. I believe it will rise before it dumps. Maybe it will rise for another day or two but ultimately it will continue a downward trend at least another1-2 weeks. Note: I am not a financial advisor.
Short term, I think tesla will drop to about $690 support level after we had $30+ on Friday and then get back up long term closer towards around a $740 resistance level.
