TESLA INC. (NASDAQ:TSLA): Technical Sale As All Good News Could Already Be Priced In

 


Tesla stock tumbled 5.03% on Fri to close below the key technical level at $207.25 as its 600-day EMA crossed over the 200-EMA. The stock could bounce off from the trendline support at around $191 or else head down further to retest $182.33.

The good news, including the demand outlook for 2023 which has surpassed even the bull case scenario, could already be priced in. All eyes will now be on Elon Musk's "Master Plan 3" at Tesla's March 1 investor day. It better be spectacular or else short-sellers will be back.

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


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