51 days ago • Posted by Paul de La Baume

#Tesla : #China Nov. sales slightly disappoint #EVs $TSLA #Trading

Tesla China November sales per CPCA were 52.9k vs 55-60k expected. Exports totaled 21.1k vs 31.7k for domestic sales. Record for domestic sales, but exports were lighter than expected. The pandemic most likely continues to present challenges for supply-chains, Tesla included. Traders will be keeping an eye on key support level of $1,000 for $TSLA stock. Amid the market wide sell-off, Tesla stock has corrected together with competitors Rivian and Lucid. Massive valuations for these pure EV companies continues to be highly debated amongst investors. Pre-market Tesla stock is pressured -1.6% at $1,035 versus +0.5% for Nasdaq 100 futures.

#Stocks #Technical Analysis