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Tesla Stock Has Had Another Wild Week. Shares Need to Hold This Level. - Barron's

1. Tesla stock fell 0.4% premarket to $251.34 amid tariff news. 2. China's 125% tariffs halted Model S and X orders, impacting revenue. 3. First-quarter sales decreased; Tesla's market share fell nine percentage points. 4. Analysts suggest support levels between $210 and $220 for Tesla stock. 5. Tesla stock has experienced significant volatility, down 38% year-to-date.

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FAQ

Why Bearish?

The halt in Model S and X orders limits revenue potential, heightening investor concern. Historical context shows significant price drops can follow major tariff announcements, as seen post-2018 tariffs.

How important is it?

Trade policies and sales performance are critical for Tesla's financial health; news is relevant and timely.

Why Short Term?

Immediate impacts from tariff news and sharp sales declines will influence investor sentiment. The volatility may continue until market confidence returns.

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