Tesla's 5-Week Slump: Can SpaceX Hype Rescue the Day?
Tesla's (TSLA) stock is attempting to shake off a 5-week losing streak amid rising optimism surrounding SpaceX's possible IPO and upbeat sales estimates. However, these positives might not be sufficient to catalyze a sustained recovery. The stock's recent volatility, technical resistances, and broader market conditions compound the challenge, with year-to-date declines reflecting broader automotive sector pressures and macroeconomic headwinds. Can Elon Musk's SpaceX narrative provide the much-needed boost?
Mar 28