Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings
- Technical analysts see little support after breach of $150
- Concerns about strategy build as Tesla’s growth disappoints
Tesla’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Elon Musk is known to challenge the status quo — and that’s exactly what Tesla Inc.’s investors are worried about right now.
The company’s shares are coming off their longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump.