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MarketBeat
MarketBeat
Business
Sam Quirke

Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile

After weeks of sustained selling pressure that began before Christmas, auto-giant Tesla Inc (NASDAQ: TSLA) finally looks like it has some fight in it again. It will come as a relief for many investors.

At one point last week, shares were down more than 20% from December’s all-time high, a sobering pullback for one of the market’s most closely watched momentum names. 

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