Tesla Stock Hits Dreaded Death Cross

Shares of embattled carmaker Tesla have reached a "death cross" this week, indicating heightened volatility and the potential for future losses. A "death cross" is a financial term meaning when a company's 50-day moving average crosses below its 200-day average, as Business Insider explains. It's the first time the EV maker has flashed a death cross since May 2022. While there's no guarantee the carmaker's shares are about to crash — death crosses have also been known to lead to a quick rebound — the indicator has historically signalled rough days ahead. "While every major decline starts with a 'death cross,' not every 'death cross' leads to a major decline," Oppenheimer & Co. head of technical analysis Ari Wald told BI last month. Still, the company is facing clear real-world headwinds. Tesla shares have dropped by around 50 percent since December, shortly after Donald Trump was elected. Since then, Tesla CEO Elon Musk's highly divisive behavior, including an embrace of far-right ... Read full article.