TESLA INC. (NASDAQ:TSLA): Tesla stock tanks as Elon Musk's EV company offers a free self-driving trial in China

Tesla stock pulled back over 4% on Monday after the company announced that they will offer a free trial of its full-self driving software in China, starting March 17 through April 16. This could be in response to Tesla's competitor, BYD, which is giving away their free advanced driver-assistance system (ADAS) with DeepSeek AI integration.

Beware that Tesla stock's downtrend remains intact. The stock suffered from an avalanche breakdown after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February, with the price target of $194.81. Coincidentally, a 60% pullback from its high is $195.42.

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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