User: Violet: Tech: slopechart_TSLA.jpg

slopechart_TSLA.jpg

What's the big deal about TSLA's big price drop? 
After the meteoric rise from Oct 2024 to all-time highs, the price drops nearly all the way back. Is there something different about this retracement than what many companies have witnessed? No. After yesterday's decline, price came less than $2 from filling the gap at 218.72, and is nestled atop several strong trend lines of support. Why worry.

Image added via SlopeCharts
slopechart_TSLA.jpg

Comments

VioletViolet
3/11/25
Mr. WizardMr. Wizard
Great comment and chart Violet. 
Too many people try to attribute price action to their political beliefs, so the Tesla stock drop has to be due to the population avoiding the cars because nobody likes Elon anymore.  
It's as if TSLA is going to keep going down forever, when this is a very typical move. 3/11/25
yazzeryazzer
these nuts who own it , though, have good percentages of their net worth in it. I know one guy who put his who 401(k) in when it was about $500...they are worried! 3/11/25
VioletViolet
Yaz, letting one's ("net worth") investment lose a significant amount draws attention more to the investor than the current value of the stock. 3/11/25
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Violet
  • By: Violet
  • On: 3/11/25 6:08AM

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