Reported about 10 hours ago
Tesla's stock has surged recently, reducing its year-to-date loss from 45% to about 14%, thanks to easing U.S.-China tensions. However, researcher Matthew Unterman warns that the stock is showing signs of being overbought with technical indicators like a high Relative Strength Index (RSI) and a breakout from the Bollinger band, suggesting a potential correction could be imminent. He highlights that should the short interest exceed 3%, it could trigger increased selling pressure.
Source: YAHOO