Watch These Tesla Price Levels as Stock Plunges to Pre-Election Levels
Key Takeaways
- Tesla shares fell more than 15% on Monday to lead S&P 500 decliners, closing below their Election Day level for the first time.
- The stock soared in the wake of Donald Trump’s election amid expectations that CEO Elon Musk’s close relationship with the president would benefit the EV maker.
- Since hitting a record high in mid-December, however, Tesla shares have fallen 55% amid investor concerns about potential fallout from Musk’s extensive involvement in the Trump administration and weak sales figures.
- Tesla shares fell below the closely watched 200-week moving average in Monday’s trading session.
- Investors should monitor key support levels on Tesla’s chart around $215 and $165, while also watching major resistance levels near…
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