TESLA INC. (NASDAQ:TSLA): Sell the news

 



Tesla stock tumbled over 5% on Friday after the company announced the launch of a Model 3 upgrade in China and price cuts up to $5,500 on the old Model 3 inventory in the US. The company is also offering deep discounts, between $30,000 and $41,000, on Models S and X. The stock just broke through a key support level at $248.70 and is now retesting its 50-day EMA. If the 50-day can't hold, the next support level is the 100-day EMA at ~ $233.

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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