(Finance) – The title is moving downwards Tesla Motorswhich exhibits a deadweight loss of 6.34% on previous values.
In the first quarter of 2023 le deliveries of the electric vehicle maker rebounded by 36% to 422,875 units, compared to 405,278 in the last period of 2022.
However, the figure is lower than the 432,000 units expected by the consensus. In terms of production, 440,808 cars were released in the three months from the plants of Elon Musk’s company.
The technical scenario seen in one week of the title compared to the index S&P 100highlights a slowdown in the trend ofcompany active in the automotive sector compared toS&P 100making the stock a potential target for investors to sell.
The short-term technical framework of Tesla Motors shows an upward acceleration of the curve with a target identified at 200.1 USD. Risk of a fall to 191.2 which will not affect the good health of the current trend but which represents a temporary correction. Expectations are for an extension of the uptrendline towards 208.9.