$Tesla Motors(TSLA)$ just took a 4% hit, dragging down with the broader market amid concerns over inflation and a major vehicle recall. With the Michigan consumer data showing persistent inflation expectations, the market is already at a double-top high.
So, is $330 a good entry point, or is this pullback just getting started?
On one hand, Tesla’s long-term growth story remains intact, with its leadership in EVs, AI, and energy solutions. But on the other, macroeconomic conditions, increasing competition, and ongoing delivery challenges could keep pressure on the stock.
Personally, I’d like to see whether $TSLA finds strong support around key levels before making a move. If it drops below $300, it could present an even better opportunity.
What do you think? Is this a buy-the-dip moment, or is there more downside ahead? Share your thoughts!
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