Tesla stock shaves off more than 3% on Monday. Tesla reports Q1 results after the market closes on Tuesday.
stock already collapsed 14% during the previous week. Wall Street expects $0.50 in adjusted EPS on a QoQ decline in revenue. Tesla sank 3.4% to close at $142.05 per share on Monday, just one day before the electric vehicle automaker is scheduled to deliver quarterly results. Tesla stock hasn’t traded this low since January 2023, a 15-month low, and all the data available suggest that another poor showing from Elon Musk’s company is likely to send the share price still further.
looks destined to repeat its range low at $101.81 in the early days of 2023. Long-term support levels at $154 and $164 failed to help shareholders this time around. This seems even more likely when you glance at what bears are saying about the overall market. JPMorgan'sMarko Kolanovic writes this week that last week's profound pullback still has legs. We think the sell-off has further to go, Kolanovicwrote in a client note.
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Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »