Tesla Motors Inc TSLA shares are trading lower by $$3.83 at $192.54 in Tuesday's session. Rumors that the company is losing employees to Faraday Future is one reason investors may be exiting the issue.
Following a brief rally, the issue reversed course and breached the $190 level for the first time since April 1 when it bottomed at $186.05, reaching $188.88.
Also, the issue is poised to post its lowest close since April 1, when it ended the session at $187.59.
Since making that low, it has found intra-day resistance at $194.82.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
