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Tesla fell from $900 to $540 (a full 40%) from January 5 to March 5. That’s quite a drop! Recently it has bounced as high as $717, but I think that’s about all it’s going to get. My view is that the electric car craze is going to calm down for a while.

slopechart TSLA

This presumed weakness extends far beyond Tesla, of course:

slopechart NIO
slopechart RIDE
slopechart LAZR
slopechart BLNK