Shares of embattled carmaker Tesla have reached a bearish “death cross” this week, indicating heightened volatility and future losses. A “death cross” indicates when a company’s 50-day moving average crosses below its 200-day average, as Business Insider explains. It’s the first time the EV maker flashed a death cross since May 2022. While there’s no guarantee the carmaker’s shares are about to crash — death crosses can technically lead to a quick rebound — the indicator has historically signalled rough days ahead. “While every major decline starts with a ‘death cross,’ not every ‘death cross’ leads to a major decline,” […]
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