Watch These Tesla Price Levels as Stock Plunges Following EV Maker’s Robotaxi Event
Key Takeaways
- Tesla shares plunged Friday after the EV maker’s long-awaited robotaxi event failed to live up to investors’ expectations.
- The stock has retraced within a flag, a chart pattern that signals a continuation of the stock’s move higher in recent months.
- However, volumes remain below average, suggesting larger market participants may be sitting on the sidelines digesting the automaker’s October updates.
- Investors should watch key support levels on Tesla’s chart around $225, and $205, while monitoring overhead resistance areas near $265 and $300.
Tesla (TSLA) shares plunged Friday after the long-awaited unveiling of the EV maker’s self-driving Cybercab and other products fell short of investors’ expectations.
At an…
