TSLA Plunging? The Fake Rebound Before the Real Crash!

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TSLA Plunging? The Fake Rebound Before the Real Crash!Tesla, Inc.BATS:TSLAParadise_NoirTesla (TSLA) is entering a challenging phase as a wave of negative news hits from both fundamental and technical sides. Sales in China — Tesla’s second-largest market — have dropped to their lowest level in three years, sparking fears that real demand for EVs is cooling. At the same time, Elon Musk’s massive $1 trillion compensation package has raised concerns among investors who believe Tesla’s current valuation far exceeds its actual profit potential. On the daily chart, TSLA is showing clear signs of weakness after an extended uptrend. The price is now testing the medium-term ascending trendline around the $430 zone. If buying pressure fails to hold this level, there’s a strong chance the price will break the trendline and enter a deeper correction phase. In the short term, Tesla could continue to drop toward the $400 area, where strong support and the Ichimoku cloud base converge. Any rebounds, especially near the $450 resistance zone, should be viewed as opportunities for sellers to re-enter rather than signs of recovery.