The price of tesla shares were off recent lows and potentially gaining some footing to make a push higher
That is until......
U.S. prosecutors announced they are examining whether Tesla committed securities, wire fraud in a criminal probe of self-driving claims.
Investigators are exploring if Tesla committed wire fraud, which involves deception in interstate communications, by misleading consumers about its driver-assistance system.
Gap Upon Gap
Looking at the daily chart you can see the stock opened lower on the latest candle. It is rallying off those lows today.
Ironically, today's open helped fill the prior gap that occurred in late April, so technically it is not the worst thing.
Either way, the stock continues to struggle this year.
Posted Using InLeo Alpha
I think the walls are finally closing in on Elon's clearly fraudulent stock hype cycle. How many people purchased FSD thinking that their vehicle would earn them a passive income as a Robotaxi within a year? I was so nearly suckered into exactly that myself but couldn't afford a Model 3 at the time
I was waiting to buy TESLA at $120, I'll be waiting for another 1 year