Buy the Dip on Struggling Tesla Stock

Group 1 - Wall Street is monitoring Tesla Inc due to CEO Elon Musk's involvement in a government taskforce aimed at reducing federal spending, with the stock down 0.9% to $358.26, marking a fourth consecutive drop and sixth weekly loss in seven [1] - Tesla's current pullback has brought its stock price close to its 80-day moving average, a historically bullish trendline, with the stock having been above this average 80% of the time over the past two months [2] - Historically, after five similar instances in the last three years, the stock was higher one month later 60% of the time, averaging a 5.3% gain [2] Group 2 - Analyst sentiment is currently tepid, with 24 out of 38 firms rating Tesla as "hold" or worse, and the 12-month consensus target price of $334.54 represents a 6.5% discount to current levels [3] - Options trading appears favorable for Tesla, as indicated by a Schaeffer's Volatility Index (SV) of 48%, which is in the 22nd percentile of its annual range, suggesting low volatility expectations [3]