Tesla Stock Price Plunges 13% in November as Pain Deepens for Investors

Tesla stock is heading into the final stretch of November under intense pressure. The month began with optimism after Nvidia’s blockbuster earnings briefly lifted tech sentiment. Tesla even spiked intraday as traders tried to reconnect the company to the fast growing AI trade. That excitement evaporated quickly. Sellers took control into the close and the gains collapsed. What looked like a promising rebound has turned into a stubborn selloff that has wiped out 13 percent of Tesla’s value this month.

The decline is especially painful for retail investors who jumped in expecting a November rally. Buying the dip has historically been rewarded in Tesla. This time the strategy has delivered a fresh round of losses. The stock is trading lower year to date and remains well below its mid month high near 429.

Why Tesla Stock Is Falling in November

Retail investors rotated aggressively into Tesla during November. Many believed the stock had bottomed after strong recoveries earlier this year. Instead the slide accelerated. Tesla has now erased most of its post earnings progress and is once again lagging the broader tech market.

A big challenge is the lack of fresh catalysts. Traders are waiting for signs that delivery growth is picking back up and that new products like Cybertruck are gaining traction. Until the data improves buyers are stepping back and short term traders are dominating price action.

Tesla Chart Analysis: Why 390 Remains a Crucial Line in the Sand

Tesla’s chart tells the story clearly. The stock is hovering around 395 but the real battleground is near 390. That level has acted as support several times this month. When the price dips below it buyers have been quick to defend it. Think of support as a floor. As long as the floor holds the house does not collapse.

If Tesla closes repeatedly under 390 the floor breaks and downward momentum could build rapidly. The next major floor sits near 370 and losing that would confirm a deeper correction trend.

For resistance the mid Bollinger band around 405 has become a ceiling. Tesla keeps bumping into that line and failing to break through. To beginner traders the Bollinger middle line is a guidepost showing whether momentum is favoring buyers or sellers. Trading under it signals weakness. Regaining it would be a first step in stabilizing sentiment.

Right now the price is stuck in the lower half of the range which shows caution still dominates trading behavior.

Elon Musk Compensation Case Adds Pressure to Tesla Stock

Even though the selloff is driven mainly by market sentiment, a looming legal ruling over Elon Musk’s compensation adds another layer of uncertainty. A negative decision could force Tesla to book a massive expense that would weigh on profits. For long term investors this remains a serious wildcard that could shape the company’s financial trajectory.

My view is that Tesla still commands enormous long term potential but markets are no longer willing to buy the story without seeing real execution. If autonomy scales and earnings expand the current dip may later look like a rare opportunity. Until that happens traders will continue to test just how strong the floor at 390 really is.

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