
Tesla Stock Is Sliding Tuesday Afternoon: What's Going On?

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Tesla Inc (NASDAQ:TSLA) stock is down 3.97% at $435.24 as investors react to the launch of the more affordable "Model Y Standard" and "Model 3 Standard" vehicles. While these models aim to attract a broader customer base, concerns about shrinking profit margins and potential cannibalization of higher-margin sales have emerged. The market is also wary of weakening demand amid increased competition. Investors are awaiting Tesla's upcoming earnings report for insights into profitability, with key support levels around $334.41 and resistance near $452.68.
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