Will Tesla crash to $200 after major ETF setback?

Core Viewpoint - Tesla is facing increased scrutiny and potential investment risks following the postponement of a Tesla-focused ETF by Azoria Partners due to concerns over CEO Elon Musk's political ambitions and the implications for investor confidence [1][2]. Group 1: ETF and Investment Sentiment - Azoria Partners has delayed the launch of its Tesla Innovation ETF, which had generated significant anticipation, citing a cautious approach due to Musk's new political movement, the "America Party" [1]. - The ETF delay reflects broader concerns about Tesla's stock performance and investor sentiment, with shares closing at $315.35, slightly below their weekly high of nearly $320 [3]. - The political developments surrounding Musk have shaken investor confidence, particularly after he withdrew from leading the Department of Government Efficiency [2]. Group 2: Price Analysis and Market Concerns - There is growing bearish sentiment regarding Tesla's stock, with analysts warning that if political risks escalate, the stock could potentially drop below $250 or even test the $200 mark [7]. - Technical analysis indicates that $250 is a critical price level, known as the Point of Control (PoC), where the highest volume of shares has changed hands over the last five years, making it a key battleground for market participants [8]. - Data from TrendSpider highlights $250 as a major pivot point, with strong interest in buying and selling, and investors are closely monitoring whether Tesla can maintain its position above this crucial support level [9].