Carter Worth predicts further losses for Tesla stock

Tesla's stock is experiencing a significant decline, according to market analyst Carter Worth. He notes that the shares have dropped 55% over the past 12 weeks. The stock is approaching a key trendline that has been in place since 2019. Investors are divided. Some believe Tesla's stock is now a good value and are buying in. Others are more cautious and think further losses are likely. Worth believes breaking the trend is a negative sign for the company, suggesting that the outlook is grim. He advises reducing investments in Tesla, as he sees no immediate recovery. Worth's analysis is based on technical market indicators. However, investors should consider seeking personal advice before making decisions, as general information may not apply to everyone.