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Benzinga
Benzinga
Business
Melanie Schaffer

Did Cathie Wood Predict The Bottom For Tesla Stock? Here's What The Chart Says

Tesla Inc. (NASDAQ:TSLA) was trading flat in the premarket on Wednesday after gapping down to start the trading day on Tuesday, but rising up to close that session flat.

BYD Co (OTC:BYDDY), a Warren Buffett-backed Chinese EV and battery maker, confirmed Wednesday that it will soon begin delivering batteries to Tesla. The LFP battery cells are expected to be used in Model 3 and Model Y vehicles produced at Tesla’s Shanghai facility.

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