Trading Strategies For Tesla Stock Post Q3 Earnings Miss
Portfolio Pulse from Melanie Schaffer
Tesla Inc's stock plunged more than 8% following its Q3 earnings miss. Several analysts lowered their price targets for the company, citing low demand for the new Model 3 and the Cybertruck. Despite the bearish reaction, technical analysis suggests that the stock may see higher prices over the next few days due to its relative strength index (RSI) dropping to about 30%, indicating it is oversold.

October 19, 2023 | 6:08 pm
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Tesla's stock plunged following its Q3 earnings miss and lowered price targets from analysts. However, the stock's RSI indicates it is oversold, suggesting potential for a rebound.
Tesla's Q3 earnings miss and lowered price targets from analysts have negatively impacted the stock. However, the stock's RSI indicates it is oversold, which is often a buy signal for technical traders, suggesting potential for a rebound.
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