TSLA hit a two-year low today. Here's a table of the stock's biggest drawdowns – the current 59% one is basically tied with worst with the one during the COVID crisis:
Has TSLA hit the bottom yet? No one knows for sure but TA wise, it seems its bottom is near as it is nearing a major support level around $161. If it breaks through the support, it will become really ugly but if it can hold up and rebound, then the chance may be a bottom will be formed. So watch the level closely!
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