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TESLA’S TOP LAWYER LEAVES THE JOB; STOCK FALLS BELOW MA5 - Capital Street FX

20-Feb
23:14 IST

Tesla’s stock is currently trading at 300.14-lower by 1.72% as compared to its previous close.

The company announced earlier today the departure of its general counsel Dane Butswinkas, just two months into the job and the latest in a string of senior level exits from the electric carmaker. Previously, Deepak Ahuja left the position of Chief Financial Officer on 30th January. The former CFO, however, continued the role of senior adviser in the company.

In other news, news website Electrek said on Tuesday that the company is preparing to launch its leasing products for Model 3 to boost demand. The news website also reported that employees will be able to lease a Model 3 within the next two weeks.

On the technical front, the current price is below the MA5 (305.42). The current price is below the middle line of the Bollinger Bands and is heading downwards. The RSI is currently at 42.54% and suggests that the market can move in the downward direction.

 

TRADE SUGGESTION- STOP SELL AT 300 TAKE PROFIT AT 298 STOP LOSS AT 301

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