Tesla stock is predicted to experience significant downside and potentially make new lows if the broader NASDAQ and S&P 500 markets begin to sell off in the upcoming week.
"I do think that there is a lot more downside potential especially if the NASDAQ Market begins to sell off this upcoming week NASDAQ and S&P 500 are relatively at all-time highs so if markets do begin to pull on back you cannot be surprised that Tesla will most likely sell off with the rest of the market and continue to make new lows."