EVs have not been a hot sector as of late.
Largely due to the supply chain crisis, lack of chips, and the fact many are extremely speculative stocks.
However, Tesla does not like to spend time below the 800 for long. The bulls usually come in and fire this stock back upwards.
Expecting a short-term relief rally up to around 870 and likely heading lower again. Likely between Monday and Wednesday FOMC.
Largely due to the supply chain crisis, lack of chips, and the fact many are extremely speculative stocks.
However, Tesla does not like to spend time below the 800 for long. The bulls usually come in and fire this stock back upwards.
Expecting a short-term relief rally up to around 870 and likely heading lower again. Likely between Monday and Wednesday FOMC.