2021-10-25 • Updated
A Tesla car, that no one was driving, crashed into a tree in Texas. Two passengers died. It raised questions over Tesla’s Autopilot and Full Self-Driving (FSD) features. However, Tesla cautioned drivers before that the current system is not yet fully autonomous, and it still requires “active driver supervision”. Yes, there are some videos on YouTube with a person sleeping in the driver’s seat or driving hands-free. Nonetheless, the responsibility lies on these people.
Elon Musk tweeted that statistics show that Tesla cars with Autopilot have 10 times fewer accidents than the average car.
Such a big case may have a huge impact on the Tesla stock – such negative news may press it down. Tesla stock's 50-day moving average has been declining for over a month and it has crossed upside down the 100-day moving average, creating the Death Cross – the signal to sell. If Tesla breaks through the $708 support, the way down to the low of April 9 at $670.00 will be open.
However, remember that after a drop always goes a rise. Resistance levels are at the recent highs of $750 and $800.
Besides, you can trade stocks in our app FBS Trader!
Don't know how to trade stocks? Here are some simple steps.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
What is going on with this energy asset these days, and should we prepare for further falls?
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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