Tesla Stock Plunges Amid Trading Volatility, Expert Warns
Tesla's stock is approaching crucial support levels, indicating potential turbulence for investors. Market technician Frank Cappelleri warns that the stock may crack its steep upward trendline, which has triggered downside actions in the past. Tesla shares, which recently surged to around $280, are now on the verge of dipping below $260, with a potential next support level at $240. The recent weakness is not due to the company's performance, but rather a correction phase in the market. Analysts suggest that Tesla's key support lies near $218.