Market Overview

Tesla Motors Inc Trashed By Pacific Crest

Related TSLA
Jim Cramer Gives His Opinion On Tesla, Pfizer And UnitedHealth
What Might Be Expected When F, GM, CVX, And XOM Report Earnings This Week
Apple, Tesla, Facebook, Fed To Grab Spotlight: Investing Action Plan (Investor's Business Daily)

Tesla Motors Inc (NASDAQ: TSLA) shares are trading lower by $13.80 at $183.14 in Tuesday's session. Negative commentary from Pacific Crest has investors exiting the issue in a big way.

After shrugging off a price target reduction from Adam Jonas of Morgan Stanley, the issue is in full retreat in Tuesday's session. After a lower open, it managed a $0.60 bounce to $193.12 before continuing lower.

The issue is approaching a critical support level. After bottoming last Thursday at $182.41 and at $182.75 on Monday, it's now approaching that level in today's session. This marks the lowest level for the issue since it bottomed in March 2015 at $181.40.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (TSLA)

View Comments and Join the Discussion!