fcloi
04-05 07:01

Tesla. the stock is no longer in a strong uptrend but trying to find a bottom, and right now there isn’t a clear one yet. The area around $350 is acting as a key support where buyers are attempting to step in, but if that level breaks, the next likely downside zone is in the low $300s, with deeper support closer to the high $200s. The weakness is being driven not just by technicals but also softer EV demand and rising competition, which is weighing on sentiment. For now, it looks more like a consolidation or base building phase rather than a confirmed rebound, meaning the stock may continue to move sideways or stay volatile until a clearer direction forms.

Tesla Misses Again: Where’s the Bottom?
Tesla reported Q1 global deliveries of 358,000 vehicles, falling short of the Bloomberg consensus estimate of 372,000, marking one of its weakest quarters in recent years. Total production came in at 408,000 vehicles, up 13% YoY and above expectations of 388,000. However, the gap between production and deliveries suggests inventory buildup, potentially signaling softening end-demand. Following the release, Tesla shares dropped over 5%, further extending its year-to-date losses.
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