Tesla stock is predicted to correct or retrace significantly before any recovery, with a broader market downturn exacerbating a selloff.
"it wouldn't be much of a surprise based off of previous patterns that eventually it will correct itself and especially more now than before because if markets also begin to draw down that will only further exacerbate Tesla's selloff as well. So, do not be surprised if we see a retracement before we begin to recover once again. And again, very simple. Why would you want to overpay for a company right now that you know is more likely to draw down in the up and cominging future?"
