Tesla Stock: Assessing The Ongoing Challenges (Technical Analysis)


  • Tesla’s stock has followed a predicted downward trend, consolidating around its current price level.
  • The imposition of tariffs on imported Chinese EVs by the Biden Administration may impact the U.S. market.
  • Two potential scenarios for Tesla’s stock include sideways movement or a short-term rise followed by a decline, both suggesting limited long-oriented investment opportunities.
  • In this technical article, I discuss important price levels and metrics that investors could consider for gaining an edge on the stock’s likely price action.

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Oleksii Liskonih

Tesla, Inc. (NASDAQ:TSLA) stock has followed very closely my assumption of a breakdown towards its major support, and since then, the stock has reacted positively until it consolidates around the actual price level. While the formed range can offer

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

All of my articles are a matter of opinion and must be treated as such. All opinions and estimates reflect my best judgment on selected aspects of a potential investment in securities of the mentioned company or underlying, as of the publication date. Any opinions or estimates are subject to change without notice, and I am under no circumstance obliged to update or correct any information presented in my analyses. I am not acting in an investment adviser capacity, and this article is not financial advice. This article contains independent commentary to be used for informational and educational purposes only. I invite every investor to do their research and due diligence before making an independent investment decision based on their particular investment objectives, financial situation, and risk tolerance. I take no responsibility for your investment decisions but wish you great success.

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