While political controversy, production problems and weak sales are burdened by Tesla, a market technician rates the share oversized – and even sees short -term relaxation potential.
• Tesla because of Musk, Cybertruck & Co. under pressure
• Market technician considers Tesla share to be “oversized”
• Analysts disagree
Nasdaq share Tesla under pressure
While the Tesla share still from the US election could benefit, the paper of the electric car manufacturer has been significantly under pressure since this year. Overall, the Tesla proportion of the Tesla has been down by around 32.6 percent since the beginning of the year. Most recently, a Tesla share in Nasdaq trading cost $ 272.06.
The negative mood towards Tesla can be primarily on the polarizing personality of Elon Musk and attribute his political commitment. Musk publicly supported Donald Trump during the US presidential election and did high campaign donations. The measures of the new government efficiency department “Doge” also produced considerable criticism of Musk and even led to persistent protests against Tesla.
Boykott calls are now increasing against the electric car manufacturer. Numerous former fans sold their vehicles again. Investors are also concerned: In view of Musk’s diverse entrepreneurial activities and his political commitment, you fear that he will no longer pay attention to Tesla as shareholders would like.
Recently, Tesla recently became more criticized due to the cyber truck. The model was viewed with clear skepticism at the beginning of the year. In 2024, only 39,000 units were sold in the United States – significantly less than the originally targeted 250,000 to 500,000 vehicles per year. Despite more than a million alleged reservations, many potential buyers hesitate to finish the final. The reasons for this are the controversial design, defects in the processing quality, a comparatively low range, the high price and reports on potential security risks.
The cyberruck caused further negative headlines when Tesla temporarily stopped deliveries and even a call back after several owners had complained that components drop off the vehicle while driving.
Shortsellers are currently benefiting from the persistent weakness of the Tesla share. These have made significant profits through their empty sales in recent months. According to data from the analysis company S3 partner, your yields have been around $ 16.2 billion in the past three months alone, as Business Insider reports. The current short interest is around $ 16.67 billion, with over 70 million Tesla shares being sold empty. According to S3 alone, around 8.5 million shares with a total value of around $ 2 billion have been sold in the past 30 days alone.
This development should be particularly annoying for Elon Musk – after all, the Tesla boss has vehemently voted against empty sales in the past.
Market technician: Tesla share has “oversized”
However, the Tesla share could currently be at the beginning of a recovery phase – at least from a chart -technical point of view, as Yahoo! Finance explains. Despite an immense price loss since the beginning of the year, the technical analyst Rich Ross from Evercore Isi has classified the share as “extremely oversold”. In the opening bid podcast of Yahoo! Finance, the expert referred to the current “Relative Strength Index” (RSI) of 32. This value signals an oversold situation and, in his view, offers an attractive risk income ratio. For comparison: when Donald Trump was re -elected, the RSI was 72.
The Tesla share currently lists under its moving average of the last fifty, one hundred and two hundred days and is significantly below its earlier record valuation of over a trillion US dollar. Ross sees the difference between the current technical indicators and the previous all -time high an indication that negative messages have already been largely priced in while positive potential is underestimated. At the same time, however, the fundamental challenges for Tesla remain significant.
Uncertainty among analysts
There is therefore probably a mixed picture among analysts. According to Data from Tipranks, a total of 36 analystenraitings results in a stop recommendation (14x buy, 11x hold, 11x sell).
In view of the considerable price losses of the Tesla share, Elon Musk recently turned directly to the workforce at an event. He asked the employees not to participate in the sale of the share. “There are difficult times, a little stormy weather, but I can assure you that the future is rosy and exciting,” said the CEO and was optimistic.
Editor finance.net
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