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Will Tesla (TSLA stock) decline towards the 200 level?

Today’s instrument is the Tesla Inc. stock traded on the NASDAQ exchange under the ticker TSLA.

Looking at the TSLA chart, we can see that after the announcement of its quarterly results on the 19th of October, it started its downtrend toward the current level of around $204.10. Because Musk is under the scrutiny of the US government, we could expect today a further decline in the price of Tesla towards the psychological support level of around $200.

Chart

Author

AAATrade Team

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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