13:31 · 15 June 2020

Tesla stock continues to decline

Tesla (TSLA.US) shares were down more than 3% in Monday’s premarket after falling on Friday by nearly 4% to $935.28 following analyst downgrades from two major banks. Morgan Stanley downgraded company’s shares to underweight from equal weight, saying that risks tied to its China business were not priced into the stock. Goldman Sachs downgraded Tesla's stock to neutral because of its high valuation. The Goldman analysts said they continued to hold a “positive” long-term view of Tesla, but the shares are trading above their 12-month price target of $950.
Recent data have been mixed. Tesla recently lowered prices on several models, which was unexpected, and compressed lead times for Model Y deliveries. On the other hand, there has been new government financing assistance for electric-vehicles in Europe, and Tesla reported “solid” May deliveries in China.
Tesla (TSLA.US) stock price is slowly approaching major support at $869.92, which is additionally strengthened by the upward trendline. If sellers will manage to push the price below it, then next support at $758.89 may come into play. However if buyers will manage to halt declines, then upward move toward $1028.65 may be on the cards. Source: xStation5
22 May 2026, 15:20

US OPEN: Wall Street Nears Record Highs Ahead of Long Weekend, Powered by AI

22 May 2026, 11:46

Market Wrap: Technology Stocks Keep European Markets Afloat💡

22 May 2026, 08:01

Hopes remain high for a US/ Iran deal, as stocks rally and bonds recover

21 May 2026, 18:19

Walmart falls despite strong earnings

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.