TESLA INC. (NASDAQ:TSLA): Cathie Wood's ARK Innovation ETF Bottom Fished as Tesla Sunk to More Than a 2-Year Low

 

 
 
 
Tesla stock bounced off its trendline supports on Tuesday after the WSJ reported that Cathie Wood's flagship ARK Innovation ETF (NYSEARCA: ARKK) added to its position in Tesla. The stock is now testing the $124.35 resistance level. The next resistance is $135.13.

Be aware that the release of Tesla's December China deliveries are expected in early January 2023. The worst may already be priced in, but there's no guarantee.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to see the latest update!


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