Tesla Inc.'s Stock Plunge

Tesla Inc. faces a critical level as its stock price plunges due to disastrous sales report. Technical analysts are watching the key $150 level to gauge support. Short interest in shares is at a year-high level. Concerns about EV demand and growth projections are impacting the stock.

Tesla Inc. stock price and market performance

Tesla Inc. shares are heading for their lowest in nearly a year after a known Tesla bull cut his price target on the stock and warned of potential losses based on GAAP accounting. EV demand is slowing despite price cuts and competition from hybrids.