Tesla: lukewarm reception for the robotaxi, stock slips

Tesla lukewarm reception for the robotaxi stock slips

(Finance) – Collapses Tesla Motors showing a loss of 8.07% on previous values.

Elon Musk’s car company presented its robotaxi, an autonomous vehicle capable of transporting customers. The lukewarm reception is due to the lack of specifications from the CEO who did not provide technical details.

The weekly analysis of the stock compared to FTSE MIB shows a weakening compared to the index in terms of relative strength of thecompany active in the automotive sectorwhich performs worse than the reference market.

The short-term scenario of Tesla Motors highlights a decline in prices towards the 193.5 Euro area with the first resistance area seen at 211.7. Expectations are for an expansion of the negative phase towards the support seen at 185.9.

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