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TSLA Stock Has Plunged Over 25% From Its December Peak, And This Analyst Says It Has Not 'Bottomed' Yet: 'One More Move Down, Which Could Happen Over The…'

Benzinga LogoBenzinga1w ago

TSLA Stock Has Plunged Over 25% From Its December Peak, And This Analyst Says It Has Not 'Bottomed' Yet: 'One More Move Down, Which Could Happen Over The…' - Benzinga

Quick Summary:

Some analysts, including the head of technical strategy at Fundstrat Mark Newton, are reportedly wary about investors buying Tesla Inc (NASDAQ:TSLA) shares even after it fell from its record close on Dec.17.

Tesla rose after Donald Trump won the Presidential elections in November upon investor expectations of favorable regulations owing to the company CEO Elon Musk‘s proximity to the President.

What Happened: "I don't think this stock has bottomed yet, and probably has one more move down, which could happen over the next one or two weeks," Newton said, reported Bloomberg.

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TSLA Stock Has Plunged Over 25% From Its December Peak, And This Analyst Says It Has Not 'Bottomed' Yet: 'One More Move Down, Which Could Happen Over The…' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 12:29:11 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26144305

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Main Topics: Technology

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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News Language: English

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Publisher ID: #53

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