Tesla's China Success vs. Technical Headwinds
@TigerOptions:
$Tesla Motors(TSLA)$ has been making headlines with its remarkable success in the Chinese EV market. However, despite strong sales figures, the technical analysis of Tesla's stock reveals a challenging trendline breakout scenario. According to the China Passenger Car Association (CPCA), Tesla experienced an impressive 68.7% surge in sales for China-made electric vehicles in December, selling 94,139 units. The Chinese market played a significant role, constituting 52.4% of Tesla's global deliveries for the entire year. The Shanghai plant, Tesla's largest globally, continues to contribute substantially not only to the Chinese market but also to other regions like New Zealand, Australia, and Europe. Tesla achieved a record-breaking global delivery of