I see $136.31 as weekly long term support from breakout point (although not to the penny obviously):-
I wish that was true but it's not. I know several WW2 children (my father one of them) who will never buy a German car. Frankly, I'd rather see Musk commit to Twitter and be ousted from Tesla by shareholders.
TSLA is generating margin calls on a now daily basis. A lot of shares are in the hands of people with a cost basis below $20/share. But now anyone with a cost basis above $260 is or has been margin called if they bought using full margin. At some point, those with the $20/share cost basis or lower will also start liquidating to preserve some profits. TSLA is now a a train on a downhill heading that has lost nearly all its breaks. Price & volume are not just important by the minute or by the day. What was traded and at what price matter for a long time.
TSLA @129. Geez, there could be a panic sell by some institution at some point (Cathie Woods?). Just so weak right now.
That lady seems to have zero ability to course correct and not an ounce of humility before the reality of the market. ARKK to $0. It will be liquidated and a no longer trading ticker by the end of 2024 if not before.
According to this link, ARKK cost avg for TSLA is 108.39. 3rd biggest holding. It was the one bright spot. https://cathiesark.com/
I'd be curious at this point to get ahold of the prospectus. Do you know if she uses margin, or is she restricted to invest only up to the actual cash holdings of the fund?