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Zenger
Zenger
Business
Shanthi Rexaline

Tesla Stock Stuck In A Range: Analyst Points Out Key Catalysts And Risks

Tesla Inc. Elon Musk Spencer Platt
Tesla vehicles stand outside a Brooklyn showroom and service center, in New York City. The string of price cuts Tesla has announced since the start of the year have led to a decline in automotive gross margin. (SPENCER PLATT/GETTY IMAGES)

Tesla, Inc. (NASDAQ:TSLA) stock has pulled back about 14.7% from the pre-earnings level of $291.26 and has been between the $210 and $265 levels since then.

The downtrend was set in motion by the man himself. Tesla CEO Elon Musk set off worries concerning further margin erosion by stating in the second-quarter earnings call that a rising-rate environment could necessitate more price cuts.

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