TESLA REPORTEDLY CALLS ON ALL WORKERS TO HELP WITH DELIVERIES; STOCK FALLS
Tesla’s stock is currently trading at 270-lower by 1.47% as compared to the previous closing price. In the pre-market trading session, the stock was trading lower by 0.97%. The stock has continued falling after the opening bell.
The company relaunched its customer-referral program on Thursday, offering new rewards for purchases. In a blog post, the electric carmaker said both the referrer and the buyer will get 1,000 miles of free Supercharging per purchase, and be entered in quarterly drawings to win a special-edition Model Y or Roadster.
In other news, Tesla’s CEO Elon Musk said in an email to employees on Thursday that vehicle deliveries scheduled across Europe, China and North America should be a “primary priority” for all employees during the last 10 days of the first quarter.
CEO Musk further said that delivery targets are becoming difficult because Europe and China are simultaneously experiencing the same massive increase in delivery volume that North America experienced last year.
On the technical front, the RSI is currently at 38.54% and suggests that the market can move in the downward direction. The current price is below the MA5. The current price is below the middle line of the Bollinger Bands and is heading downwards.
TRADE SUGGESTION- STOP SELL AT 269.70 TAKE PROFIT AT 266.70 STOP LOSS AT 271.20