Tesla Stock Has Struggled however Nears Major Support

What a catastrophe it’s been with Tesla  (TSLA) – Get Free Report recently. The electric-vehicle chief’s shares are at present down for 5 straight months and for eight of the previous 9 weeks.

The inventory made 52-week lows on Tuesday and did so once more on Wednesday morning. 

Shares of Tesla at the moment are down 55% in 2022 and have fallen greater than 61% from their all-time excessive in November 2021.

The inventory is now buying and selling at its cheapest forward price-to-earnings multiple because the firm went public, however that doesn’t appear to be offering significant assist.

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