Here's why Tesla stock might crash in August

Elon Musk’s electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA) has arguably made the biggest comeback of 2024. After trading deeply in the red in the initial months of the year and even spending some time as the worst-performing stock in the S&P 500, it suddenly skyrocketed in value in late June.Indeed, the rally was significant enough that the stock, within less than two weeks, went from being approximately 25% down in the year-to-date (YTD) chart to being up 6.33%. In the last 30 days, the EV maker ...