Shares of the well-known U.S. electric carmaker fell 0.7% in pre-market trading today.
Yesterday, Monday, the share was up almost 4.9% at the start of the week, continuing the increase since Tuesday a week ago.
During this period, the stock has gained almost 15% from around $165 to reach almost $189.
The e-car company is scoring points for customer friendliness not only by cutting prices to boost sales rates,
but obviously now also wants to expand its range. Thus, the development of some new,
even more cost-effective models indicated.
Tesla wants to secure larger market shares through lower prices and also assert itself against the Chinese competition.
In the coming days, the upward trend could continue and the price could rise towards $200,
where the next resistance is located. Should this be breached,
we could see further rises to the February level, at $210-215,
observe Otherwise, we could see a price decline to the support at $164.