Thursday, February 27, 2025

Tesla's Stock Is Nearing A Bottom (TSLA)

Whether or not it holds will depend on the broader market but for now the next stop for the elevator is within sight.

A partial repost (the outro) from February 11's Follow-Up: "China's BYD links up with DeepSeek in an AI threat to Tesla":

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....Tesla was down $22.23 (-6.34%) during the regular session and is down another $1.30 (-0.40%) in late after-hours trade. $327.20.

As to a potential bottom? Long time readers know where the gaps are:

TSLA Tesla, Inc. daily Stock Chart

The stock is at $287.54 down $3.26 (-1.12%) after getting as low as $280.91 fifteen minutes ago.

The November 5 - 6 gap extends from $251.44 to the election day open at $284.67.