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.
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Tesla: Technical Analysis Indicate A Strong Downward Trajectory