Recent reports revealed a 2021 injury report that claims a robot designed to move aluminum car parts pinned the engineer against a surface and dug its metal claws into his back and arm, according to witnesses who spoke to The Information in a story published last month.
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So why is it that Tesla stock sold off today? If you really looked into it, you really couldn't miss it and I'm going to jump right into it. So Tesla stock from pre-market highs I Want to do the math very quickly using this trend line tool from overall highs to overall lows. On the day, Tesla was literally one of the biggest losers uh, at least in my watch list and honestly, it wasn't even that serious. 4.77% Uh, now Tesla on the 4H hour time frame is still trading above the EMA it's testing it, but still trading above it on the day chart.

It was a little bit more on the overbought side, so I'm not necessarily surprised that it pulled on back again. It's very easy to see that just based off of previous resistance levels, this has been a previous resistance range, so it shouldn't. Catch You By surprise that there was some slight pullback, but on top of that, you know what caused a little bit more of this aggressive pullback? because all we all we really did was lower lows and lower highs below this moving average as the NASDAQ Market also sold off. but just not as aggressive, right? And you couldn't escape this news today.

Tesla Robot Goes goes Haywire on engineer in Tesla Factory or Texas Factory and that there's a trail of blood. So what they're talking about is that, um, a lot of you guys might know that there is this Optimus robot that Tesla is working on. Supposedly there was an incident where the robot attacked one of the workers I Know it sounds like it's out of a movie. um and you can't miss it if you literally search Tesla news.

it's one of the things that pops up the most. Uh, it got to the point where Elon began to even say things back to all the media that was bashing him and the company obviously due to this unfortunate news. Now obviously I'm super biased I'm a huge Elon fan. Uh, when it comes down to all that he's doing with Tesla with SpaceX and definitely with this um Optimus robot.

Now with that being said again, the media always seems to be against Elon As of right now, Market was overbought. um, or the overall price was overbought for Tesla it was due for a pullback. Regardless, this kind of just fueled that selling pressure and the way that I view. This is that if you look at this on the 1 hour time frame I Love this! It pulled on back so beautifully on that 1 hour moving average and then we will see if tomorrow it Finds Its support and then it begins to make its way back up then great.

If you're someone that wants to go long, this pullback should therefore only excite you because now you're only just buying it at more of a discount, right? And if you're so certain that it's going to continue to uptrend, then great. You can get it for a discount if you think that this is in the very early stages of a potential reversal. I Read a few more articles talking about analyst lowering expectations for Tesla in 2024 and that um, there's just a lot of scrutiny always shadowing or clouding Tesla because of Elon he's a very um I would say outspoken CEO he always has the spotlight Spotlight on him. Uh, and that tends to represent I would say um, the the stock performance of Tesla You can see that it's had very strong years.
You can see that it's had very kind of choppy years right when it came. Uh comes down to its overall performance. Uh, for the the past few years of Tesla itself, we've kind of been trading sideways for the past two years. As of right now, we have a very common resistance range holding below that $300 resistance.

So again, just looking at this overall big picture, it's not like Tesla's incredibly bullish, but it's also not like it's incredibly bearish. And especially as we go into 2024, based off of the looks of what the media has to say, they just again want to set their lower expectations, therefore downgrading Tesla stock um, due to the uncertainty. But as of right now, when asking the question, why is it that Tesla stock sold off lower expectations for 2024 according to different analysts and as well as again, just the scrutiny of that Optimus incident that happened at the Texas gigafactory where one of the Optimus robots did end up hurting uh, one of the employees. So if you want to look more into it I just wanted to give you kind of something uh, to kind of point you in the right direction.

But again, if you don't think that it's that serious, then I'm excited to follow up with this on the 1 hour time frame to see if we bounce off of this moving average or if we continue to break below and actually end up selling off nonetheless. I Personally, don't think that it's too serious. I'm excited to see what the NASDAQ market ends up doing tomorrow. When it comes down to the economic reports, we have the Chicago PMI 15 minutes after the Market opens at 9:45 A.m.

and we will be covering it live within our live trading session with the Lppp team. I Hope to see you there and that's the second link in the description down below if you want to watch me trade live as soon as tomorrow, it's one of our biggest discounts. And again, if you have any questions before signing up, don't hesitate to shoot me a direct message via Discord and that's the first link in the description down below. I Appreciate your time, Hope that earned your thumbs up.

And like always, let's make sure that we end the year on a green note. Take Care Team.

By Stock Chat

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30 thoughts on “Why did tesla stock tank today???”
  1. Avataaar/Circle Created with python_avatars @apacheco2005 says:

    Honestly Tesla dropping is just normal, I wouldnโ€™t even consider it tanking

  2. Avataaar/Circle Created with python_avatars @mariachoc says:

    Come on Ricky. You need to get well informed about clickbaits that you see.

  3. Avataaar/Circle Created with python_avatars @aheeraarjun276 says:

    I donโ€™t understand why Ricky dosnt do his research deep before confusing his followers and always bearish on the market but the market is popping everyday ๐Ÿ˜ข

  4. Avataaar/Circle Created with python_avatars @KyleConway. says:

    Really valuable insights into the current market dynamics, highlighting the significance of technical analysis in spotting key trading opportunities. The focus on the potential for daily consolidation across different sectors, particularly in the ever-changing world of cryptocurrencies, is especially enlightening. This kind of understanding is crucial for making strategic, well-informed investment decisions, adapting to market volatilities, and capitalizing on emerging trends in the financial landscape…, I'm indebted to Linda Wilburn for her expert guidance, her deep knowledge and traditional trading acumen have been invaluable in this journey, With her holistic investment approach and her commitment to staying current with market trends, she stands out as a formidable ally in the trading world…

  5. Avataaar/Circle Created with python_avatars @affegorilla1299 says:

    I bought that dip!

  6. Avataaar/Circle Created with python_avatars @Fighter4Street says:

    One thing everyone needs to take into account, the reason TSLA is only $250 is because of all this media and left hate.

  7. Avataaar/Circle Created with python_avatars @UNLOCKsilo says:

    It wasnโ€™t an Optimus robot from what I read

  8. Avataaar/Circle Created with python_avatars @rocket2811 says:

    Whats your value? you reshare news you read? no predictions?

  9. Avataaar/Circle Created with python_avatars @williamholmes7871 says:

    since when is 4-5 % considered tanking

  10. Avataaar/Circle Created with python_avatars @albertoacosta6788 says:

    Hit pieces only, same as last year on the dot

  11. Avataaar/Circle Created with python_avatars @Eddie-gb3bn says:

    I welcome this pullback. Iโ€™ve been looking to get back in but was hesitant at these highs. This pullback will get bought up tomorrow

  12. Avataaar/Circle Created with python_avatars @FloridaMonty says:

    It wasnโ€™t even close to being the Optimus robotโ€ฆ It was one of those big robotic machines that every car manufacture uses todayโ€ฆ The guy was working on and messed up and basically it cut his handโ€ฆ Thatโ€™s allโ€ฆ Please donโ€™t say it was the Optimus robotโ€ฆ The liberal media would love for you to spread that false news. ๐Ÿ™„

  13. Avataaar/Circle Created with python_avatars @DanFrederiksen says:

    Complete bs headline. in 2021 it would have been an industrial robot, a complete dumb bot unable to do any 'attacking' nor does it have a 'claw'. Cinematic clowns. Classic industrial accident, has zero to do with AI.

  14. Avataaar/Circle Created with python_avatars @TheRobertmaya says:

    Wrong Ricky, you missed the real news! Nothing to do with Elon today. it wasnโ€™t the robot news either! From 2021 – It was the Reuters article and then the two senators that demand TSLA do recalls! And as a matter a fact TSLA expectations raised to $380 this year. Please get your story straight and do a little more DD

  15. Avataaar/Circle Created with python_avatars @Options-zj1vm says:

    Tesla has so many loyalists and bulls but when the guy gets his mouth and nose into every bit of news, gossip, etc, then he simply makes himself vulnerable to harsh judgment when something goes wrong with his own projects. Tesla's chart is more driven by other issues than support and resistance levels.

  16. Avataaar/Circle Created with python_avatars @Options-zj1vm says:

    Thanks Ricky!

  17. Avataaar/Circle Created with python_avatars @jman4real871 says:

    Additionally….TSLA didn't hit OVERALL LOWS. Word choice is important.

  18. Avataaar/Circle Created with python_avatars @cksink6965 says:

    One should check facts before bashing Tesla. It was an industrial Robot and the Engineer had to enable the robot in a manual mode with interlock disabled (by using a dummy key in the robot cage door). I would have fired the employee for not following safety protocol or due to lack of competency. Luckily he did not kill somebody else.

  19. Avataaar/Circle Created with python_avatars @binaryvat says:

    $TSLA is one of the few companies whose CEO's salary is only stocks. This is the ultimate commitment with the stock price.

  20. Avataaar/Circle Created with python_avatars @Sorianbell says:

    I know. I bought calls for the first time this year on itโ€ฆ soโ€ฆ yeahโ€ฆ

  21. Avataaar/Circle Created with python_avatars @danbryda3849 says:

    Itโ€™s goes to show that any bit of psycho babble can lower a stock. It took a few days to get to that point to then get shot down immediately. Letโ€™s get past these playa-haters.

  22. Avataaar/Circle Created with python_avatars @MarkAnderson24 says:

    TSLA is now an absolute joke of a stock so sad to see my favorite stock fail to make it over 260$

  23. Avataaar/Circle Created with python_avatars @bodymodsMONTE says:

    This was from an incident that happened in 2021, and the workers "injury" was from falling into a pile of scrap aluminum and cutting his hand.

  24. Avataaar/Circle Created with python_avatars @TheBkdot says:

    TSLA tanked cause I got into calls off the 260 level. Too bad for the market specialist I got my $14 bucks and was out.

  25. Avataaar/Circle Created with python_avatars @liventhemoment203 says:

    Thank You ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘

  26. Avataaar/Circle Created with python_avatars @thegoodchad3578 says:

    The incident is from 2021 fyi

  27. Avataaar/Circle Created with python_avatars @JytunedIslas-oi7mb says:

    Shorting tesla made 40k today !!

  28. Avataaar/Circle Created with python_avatars @xeaone says:

    Most of the articles I read about this said "assembly robot" but Ricky you made it sound like it was an Optimus bot..?

  29. Avataaar/Circle Created with python_avatars @epicguy1608 says:

    I'm an advocate for having a diverse investment strategy. I grew to a 7 figure mark with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, blue chip stocks, coins, grade bonds and alternatives like cryptocurrency markets, as this helps manage the overall risk on my portfolio managed by my FA.. Credits to my adviser, Jeffrey, i have no doubt investing more

  30. Avataaar/Circle Created with python_avatars @fpasaoa3 says:

    An AI robot? Thatโ€™s wild!

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