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Tesla Slumps; Chart Highlights Major Support Nearby

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The Street

By Bret Kenwell Tesla stock is making 52-week lows on Monday. Here’s where major support for the stock sits. Down more than 50% this year, Tesla (TSLA) – Get Free Report stock is finally succumbing to the 2022 bear market. Interestingly, though, the electric-vehicle leader’s stock is not breaking down alongside the rest of the market — it’s doing so mostly on its own. Just a few months ago the FAANG group, Microsoft (MSFT) – Get Free Report and just about every other stock was under immense selling pressure. But Apple (AAPL) – Get Free Report and Tesla were holding strong as the relative stre…

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