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VLKAF - Tesla: Technical Analysis Indicate A Strong Downward Trajectory
Volkswagen AG
2024-01-29 18:37:12 ET
Summary
Tesla, Inc. stock has performed exceptionally well in the past, but is currently on a downward trajectory due to weak performance and increasing competition.
From a technical standpoint, the stock shows strong bearish momentum and is trading below key resistance levels.
Tesla is facing competition from companies like BYD Company and Volkswagen AG, which are eating into its market share and experiencing higher revenue growth.