Tesla shares
Investment Thesis
TSLA is in a well-defined multi-timeframe downtrend (-13.8% in one month, -18.9% over six months) with $400 now acting as firm overhead resistance after multiple failed reclaim attempts. The current price of $379.71 sits in a technically vulnerable zone with no established support floor below $372, and macro headwinds including rising Chinese EV competition entering North American markets and oil price volatility provide additional fundamental pressure. Momentum is decisively bearish with lower highs and lower lows intact, making a continuation short the highest-conviction setup at current levels.
Why It May Work
Why It May Not Work
Timeline
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