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Tesla Breaks Down. So Do Baidu, Sirius XM, NIO And Xpeng [Forbes]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The electric vehicle manufacturer with the peculiar and annoying CEO has been selling off for weeks but today it broke down below a key support level. That's a level where buyers had previously jumped in and enjoyed the gains that followed. That sellers now have overcome the buying is significant: something has changed with investor perceptions about the future of the former Nasdaq 100 leader. This break down is a “get me out now” kind of moment. It's not just Tesla, of course. Other stocks are going through the same thing. Among them are Baidu, Sirius XM, NIO and Xpeng, all former big names now moving from hot to cold among Wall Street money managers. They may return to favor at some point but who knows when that might be? Tesla Stock Breaks Below Support Level. Here's the daily price chart that Elon Musk is looking at: Tesla daily price chart, 4 16 24. The red-dotted line designated the price level of the mid-March low. Tesla gapped down to below it today. The 50-day movin
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