Solid News

Shares of Tesla Inc., the world's leading manufacturer of electric cars, are correcting at 137.00.

On the daily chart, the price falls within the global downward corridor with dynamic boundaries of 150.00–130.00 near the support line.

The four-hour chart shows that the negative momentum has high prospects for continuation, as the quotes have already broken the full trend level of 161.8% Fibonacci at 143.30 and consolidated below it, which indicates that there are no significant obstacles for further decline, which will continue after the price consolidates below the local low of the last week around 135.60.

Technical indicators keep a sell signal: fast EMAs on the Alligator indicator are significantly below the signal line, and the AO oscillator histogram is falling in the sell zone.