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International Business Times
International Business Times
Business

Tesla Stock Hits 'Death Cross' on Wall Street, But What Does This Mean For Elon Musk, EV Investors?

Elon Musk Tesla Inc.

American electric car giant Tesla is spotted glimmering on several news reports, but it's because of a futuristic car launch. The Elon Musk-owned company is flashing a feared market warning called the "death cross."

To those not up on financial chart jargon, the death cross happens when a stock's 50-day moving average falls below its 200-day moving average. In trading circles, it is usually interpreted as a bearish sign — a possible downtrend.

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