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Zenger
Zenger
Technology
Shanthi Rexaline

Bearish Tesla Analyst Warns Of Potential Mass Exodus By Big Institutional Investors: ‘It’s Poor Results…That Are Getting Worse’

Gordon Johnson Elon Musk MICHAEL SILUK Tesla Inc.
Tesla, Inc. shares fell below the psychological support level of $200 on Monday before reclaiming the levels in the very next session. Notwithstanding Tuesday’s advance, the stock is trading well off its intraday high of $299.29 on July 19. SMITH COLLECTION/GETTY IMAGES

Tesla, Inc. (NASDAQ:TSLA) shares fell below the psychological support level of $200 on Monday before reclaiming the levels in the very next session. Notwithstanding Tuesday’s advance, the stock is trading well off its intraday high of $299.29 on July 19.

A bearish analyst weighed in on a Bloomberg story shared on X, formerly Twitter, that said Tesla shed one-fifth of its value in less than two weeks on worries over electric vehicle demand weakening.

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