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](https://slopeofhope.com/wp-content/uploads/2021/03/slopechart_TSLA-640x330.jpg)
This presumed weakness extends far beyond Tesla, of course:
![slopechart NIO](https://slopeofhope.com/wp-content/uploads/2021/03/slopechart_NIO-1-640x345.jpg)
![slopechart RIDE](https://slopeofhope.com/wp-content/uploads/2021/03/slopechart_RIDE-1-640x330.jpg)
![slopechart LAZR](https://slopeofhope.com/wp-content/uploads/2021/03/slopechart_LAZR-1-640x330.jpg)
![slopechart BLNK](https://slopeofhope.com/wp-content/uploads/2021/03/slopechart_BLNK-640x330.jpg)