Why Tesla Stock Is Down For 2nd Straight Session: 'End Of Historical Run,' Says Analyst
Portfolio Pulse from Shanthi Rexaline
Tesla's stock is down for the second consecutive session, with analysts downgrading the stock and citing the end of its historical run. Barclays and Morgan Stanley analysts downgraded the stock, while Tesla bear Gordon Johnson noted heavy trading volume, suggesting a reversal in the stock's performance.
June 22, 2023 | 11:23 am
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Tesla's stock is down for the second consecutive session, with analysts downgrading the stock and citing the end of its historical run. Heavy trading volume suggests a reversal in the stock's performance.
The stock is down due to multiple factors, including downgrades from Barclays and Morgan Stanley analysts, as well as heavy trading volume suggesting a reversal in the stock's performance. The stock's historical run is cited as a reason for the decline, and the stock is still in the overbought zone with an RSI of 72.9.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100