Key Takeaways
- Tesla shares kicked off the month on a high note after leading Magnificent Seven stocks lower in the first quarter, when the EV maker lost more than a third of its stock market value.
- After setting a record high in mid-December, the stock entered a steep downtrend throughout most of the first quarter, following a basic Elliot Wave pattern with five distinct swings playing out.
- Investors should watch crucial support levels on Tesla’s chart around $225 and $186, while also monitoring key resistance levels near $360 and $421.
Tesla (TSLA) shares kicked off the month on a high note Tuesday after leading Magnificent Seven stocks lower in the first quarter, when the EV maker lost more than a third of its stock market…
