Tesla joins Alphabet and Amazon as Mag-7 names that have dipped into oversold territory

Tesla (NASDAQ:TSLA) shares have now joined two other giants from the Magnificent Seven—Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN)—in entering oversold territory, as indicated by the Relative Strength Index (RSI).

The electric vehicle manufacturer has seen its stock fall to an RSI