Watch These Tesla Price Levels as Stock Hits Brakes on Post-Election Rally
Key Takeaways
- Tesla shares were little changed early Tuesday after falling 4% yesterday amid uncertainty over new California electric vehicle tax credits and bearish commentary from analysts at UBS.
- The stock’s recent bullish price momentum may have temporarily hit the skids after the shares initially climbed to their highest level in more than two years on Monday before undergoing an intraday reversal to close near the day’s low.
- Investors should watch key support levels on Tesla’s chart around $310 and $265, while watching a bullish bars pattern price target near $500.
Tesla (TSLA) shares were little changed early Tuesday after falling 4% yesterday amid uncertainty over new California electric vehicle (EV) tax credits and bearish…
