Tesla has had a full experience of the January fall of the IT sector of the stock market: from the maximum of the beginning of January, the fall was 34%.
The significant quarterly report has not helped the stocks: growth of the revenue by 65% and net profit by 218% were crossed off by problem concerns with supply chains.
The price fell to the uptrend from minimums of March 2020. The occasional motion of the trend turned to be false, and with the slightest improvement in mood, market participants actively started to buy up significantly deflated stocks of Tesla.
The motion to record levels is unlikely under the growing level of rates in the economy, though the test against the strength of the round level of 1000 is quite possible.
This content is for informational purposes only and is not intended to be investing advice.
