TESLA INC. (NASDAQ:TSLA): Tesla stock's post election surge has completely evaporated after January sales in Europe plunged 45%

 


Tesla stock took a nose dive, down over 8% for the day and wiping out the post election surge, after Bloomberg reported that Tesla's January EV sales in Europe plunged 45% Y-O-Y.

From a technical viewpoint, Tesla stock's downtrend is still intact with the price target of $288.39 after a descending triangle chart pattern breakdown on February 5. The stock broke below its 200-day EMA intraday and could be heading down to test the $288.39 level this week. Beware of the bearish "lower-lows" chart pattern as well as the emerging "head-and-shoulders" chart pattern!!!!!

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

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