Tesla shares experienced a so-called “death cross,” a technical indicator that occurs when the 50-day moving average falls below the 200-day moving average. This bearish signal emerged as Tesla stock has faced significant volatility in recent months. Concerns over slowing electric vehicle (EV) sales and broader market conditions have contributed to a roughly 50% drop from its December peak. Although the death cross is historically associated with further declines, it is important to note that it is a lagging indicator and may not always predict major downturns. Tesla previously experienced a similar signal in May 2022, leading to a decline of up to 54% before rebounding in early 2023. — new from Business Insider
