Tesla share price looks ripe for a breakout as the market forms a contracting triangle that may break either way. If the triangle acts as a continuation pattern, the move to follow should lead to more weakness. On the contrary, if it acts as a reversal pattern, bulls are in […]
Tesla share price has underperformed in 2021, as seen in the chart below. It peaked at $900 and consolidated in a major triangular pattern ever since, bouncing from the $550 area twice so far. However, the pattern is bearish as the triangle appears to act as a reversal pattern. Once […]
Tesla (NASD: TSLA) may be the pioneer of EV’s, but rivals are closing in on its market share. This could spell trouble for the Tesla stock price. Tesla shareholders have had another bumpy ride this week. The company has been making headlines for all the wrong reasons. The Tesla stock […]
Tesla’s stock gained slightly ahead of the unveiling of a $174 billion electric vehicle plan by US President Joe Biden. The plan calls for grants for new battery production plants and the rejigging of aging or closed auto factories to boost the US EV industry. Biden is also seeking to […]
Tesla’s stock price looks set to open the week lower, as new details of the Tesla car crash of 5 May that killed two men in Los Angeles emerge. Police are now actively looking into whether the car’s autopilot facility contributed to the crash. Steven Hendrickson, one of the two […]
Elon Musk is having a bad year, and it may be about to get worse. The Tesla share price closed below a key indicator, signaling more selling may be ahead. I have been talking about the negative prospects for Tesla’s (TSLA) stock for a few weeks. Bearish indicators have been […]
The Tesla share price decline is gathering pace. The automaker struggles to catch a break as it reports a -27% drop in China sales in April. The last 4 weeks have not been kind to Tesla (TSLA) investors. The share price has dropped 23% from its 14th of April high […]
The Tesla share price is once again testing a key area of support ahead of its founder’s appearance on prime-time T.V tomorrow. U.S listed carmaker Tesla (TSLA) has been under the spotlight recently. A slew of negative press has left the stocks’ 2021 all-time high, far in the rear-view mirror. […]
Tesla stocks are down this Monday after the company announced a delay in production at its German giga-factory by 6 months. According to media reports from the German magazine Automobilwiche, regulatory snags are responsible for the delays. In addition, delays have been caused by plans to add a battery cell […]
The Tesla share price (TSLA) was lower by $17 in Thursday’s trading session. Closing the day -2.5% lower, at $677 per share. Up until recently, the Tesla share price could do no wrong. Holders of Tesla stock were rewarded handsomely in 2020. Inclusion in the S&P 500 Index, Democrat Joe […]