business / news / / Benzinga
(NASDAQ:TSLA) shares are trading lower on Monday.
Tesla shares have broken an important support level, indicating a potential new downtrend.
KEY POINTS
- The break of support suggests previous buy orders have disappeared or been canceled.
- With diminished demand, sellers are now undercutting each other to attract buyers.
- This bearish dynamic could lead to further declines in Tesla's stock price.
COMPANIES
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