Tesla Stock: Navigating Volatility Amid 'Animal Spirits' and Market Trends
TL;DR Summary
Tesla shares experienced a 4% drop amid uncertainty over California's electric vehicle tax credits and bearish analyst commentary, despite a recent post-election rally. Investors are advised to monitor key support levels at $310 and $265, with a potential bullish target of $500 if the stock resumes its upward trend. The stock's recent surge was partly driven by expectations of favorable policies under the new U.S. administration.
Topics:business#california-tax-credits#electric-vehicles#finance#stock-market#technical-analysis#tesla
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