Tesla shares sank last week after earnings, and the bulls tried to stage a rally at the March low near $164, but the bounce was a dead-cat one at best. Now shares have turned lower again and fallen through $160 to the lowest since late January.
There isn’t much support below, and the broader Nasdaq is down 0.4%.
However, regardless, it’s a huge week for earnings with Microsoft and Alphabet tomorrow, followed by Meta on Wednesday and Amazon on Thursday.
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