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.
Key Points
- Stock price down over 33% this year
- Short interest in shares at a year-high level
- Challenges in meeting growth projections impacting valuation
Pros
- Short-term buying opportunity at lower levels
- Potential for rebound in stock price
Cons
- Disastrous sales report impacting investor confidence
- Concerns about demand for EVs affecting stock valuation