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Tesla Stock Price Reaches ‘Death Cross’ Status
Fitting for a CEO who loves to play martyr.
If you haven’t been keeping tabs on Tesla’s stock price (understandable, it’s like the 1,025th most interesting thing that is happening in a world plagued by chaos), you’ve missed a whole lot of volatility. The “death cross” showing itself for Tesla shouldn’t come as a huge shock, just given how wild a ride the electronic vehicle manufacturer’s value has undergone in the last few months, spurred in large part by the fact that its CEO seems to be more interested in playing wrecking ball to the federal government than actually running the company. Tesla is far from alone in flashing the “death cross.” The S&P 500 and Nasdaq 100 both showed it as well on Monday, as the indexes continue to fluctuate in wild and somewhat unpredictable ways thanks to the endless uncertainty that the Trump administration has introduced to the market through its blanket tariffs and “will they, won’t they” exceptions that keep getting tacked on and taken off.
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