Will TESLA Go from Hero to Zero?
#246 A fresh perspective on Tesla, Inc. (TSLA) from various angles
Introduction
Since its all-time high in December 2024, shortly after Elon Musk became involved in reorganizing the government, Tesla, his main company, has been falling from grace, or its pedestal, as they say.
According to Carscoops and Portugal media, recent sales figures for TSLA reveal a troubling trend:
Germany: Down 60%, and 76% in February
Australia: Down 66% in January and February
China: Down 49% in February
Norway: Down 44% in January and February
Portugal: Down 50% in January and February
In line with the disappointing sales, investors are selling their shares at the same rate as during the upturn, as shown in the chart below.
TSLA is currently trading 53.77% below its all-time high and found support around a Fibonacci extension
Will TSLA fall from hero to zero in the next few years? It is possible, as there are previous examples of companies that have gone from all-time highs to extreme lows, such as US Steel and many others.
The above foldback scenario may eventually cease to function. Let’s analyze the dominant cycles, Fibonacci ratios, and planetary support and resistance zones to understand what’s ahead in the coming weeks and months.