Reported about 13 hours ago
Tesla's stock remains in a bearish trend as it struggles with damaging investor sentiment and technical indicators. Despite a brief rally in late June, shares are below key moving averages and near their June lows. Concerns over weak earnings and the recent elimination of EV tax credits add to the stock's downward pressure, prompting analysts to warn that further declines are likely. With significant drops in earnings estimates and a high price-to-earnings ratio, buying Tesla stock now appears challenging for investors.
Source: YAHOO