Death Cross hits Tesla stock; TSLA crash to $200 next?

Tesla’s (NASDAQ: TSLA) share price is at risk of dropping to around $200 after Finbold identified that the equity formed its first death cross in over a year, coinciding with a period of underlying bearish fundamentals.Tesla closed Monday at $252, just below its 50-day and 200-day moving averages, confirming the crossover.TSLA stock price analysis chart. Source: TradingView/FinboldHistorically, the death cross is viewed as a lagging indicator that often signals a longer-term downtrend. While not consistentl ...