MGMB - Wall Street Breakfast: Big Tesla Short

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Big Tesla shortTesla (TSLA) shares were the weakest among the Big Six megacaps in Monday's trading, declining more than 2% and falling back below their 200-day simple moving average. Other highly-valued stocks have seen weakness lately. Fellow megacap Apple, for example, has also been testing its 200-day SMA, although it has survived that test so far. But Tesla shares are feeling the pressure coming from a few directions, related to and unrelated to its core business of selling cars.Stock numbers: In Monday's session, Tesla fell back below the 200-day SMA, which sits at about $584. Last week Tesla fell below that level for the first time since March 2020, at the depth of the COVID-related selling and momentum has been a concern for a month. Shares

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Wall Street Breakfast: Big Tesla Short