NEW YORK – Tesla Inc. (TSLA) shares finished a volatile trading session nearly flat on Friday, but a significant drop in after-hours activity suggests that bears may have the upper hand heading into next week. The electric vehicle giant closed the official session at
312.70.
The trading day painted a picture of a classic battle between bulls and bears. The stock opened strong at $317.99, well above the previous close of
318.45**. However, this early optimism faded in the afternoon as selling pressure mounted, driving the stock to a low of $312.76 before a modest recovery into the close.
The key takeaway for investors is the decisive downward move after the 4:00 PM bell. This after-hours slide indicates that negative sentiment prevailed once the broader market closed, often a precursor to a lower opening on the next trading day.
Outlook for Monday:
Based on Friday’s closing momentum and the notable after-hours decline, the outlook for Tesla on Monday appears bearish.
Traders will be closely watching to see if the stock can hold support near the day’s low of $312.76 and the after-hours price of $312.70. A break below these levels could signal further downside. Conversely, for the bulls to regain control, they will need to push the price back above the previous close of $315.65. The failure to hold this key level during Friday’s session is a technically weak signal.
Investors should prepare for potential continued selling pressure when the market opens on Monday, as the late-day trend points toward a downward continuation.
