Watch These Tesla Price Levels as Stock Slides Ahead of Earnings Report
Key Takeaways
- Tesla shares skidded on Monday as investors await the EV maker’s highly anticipated quarterly results, due after Tuesday’s closing bell.
- Since finding a local bottom in early March, Tesla shares have consolidated within a descending triangle, a bearish chart pattern that signals a continuation of the stock’s recent downtrend.
- Investors should watch important support levels on Tesla’s chart around $170 and $139, while also tracking overhead areas near $289 and $360.
Tesla (TSLA) shares skidded on Monday as investors await the EV maker’s highly anticipated quarterly results, due after Tuesday’s closing bell.
The company released weaker-than-expected first-quarter delivery numbers earlier this month, and…
