$Tesla Motors(TSLA)$ Despite the recent rally, caution is warranted. Tesla's Q1 earnings revealed a 71% drop in earnings per share and a 9% decline in sales, missing Wall Street expectations.
Analysts at STA Research predict the stock could bottom at $144 before any significant recovery, citing production delays and increasing competition in the EV market.
Technical analysis also raises concerns. The stock faces resistance around the $222 level, and without a clear reversal pattern, further declines are possible.
Additionally, Tesla's brand has suffered due to Musk's political affiliations, potentially impacting demand in key markets.
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