Sunday, May 19, 2024

Tesla Stock Succumbed to Elon Musk’s Latest Tweet. Investors Need to Watch Out.

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Tesla stock fell again Monday—and shares have dropped below a key level that suggests more downside could be ahead.

Tesla stock (ticker: TSLA) is coming off a brutal Friday. The stock opened higher to start the new week—up 0.7% at $208.90—before falling 5% to $197.08. The S&P 500 closed up 1%, while the Dow Jones Industrial Average added 1.3%.

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