Tesla (NASDAQ: TSLA) returned to the spotlight after a high -level investment company has developed its plans for a trader exchange fund focusing on Tesla (ETF), noting concerns about the ambitions of ELON Musk.
Specifically, Azoria Partners has postponed the launch of the ETF Tesla Innovation, a producer that generates a strong anticipation in Wall Street.
The company said it “follows a cautious approach” after Musk confirmed the launch of a new political movement called “America’s Party.”
The move comes amid an increasing dispute between musk and President Donald Trump, who has since threatened to cancel federal benefits and Spacex contracts if Musk continues his political agenda.
The CEO of Azuria Company, James Fishak, a Trump’s voice supporter, criticized the musk in a series of Pillars On X, Tesla Council invited to re -evaluate whether Musk’s political participation is compatible with his role as CEO.
Fishback said that political developments rocked the confidence of the investors, especially after Musk retreated from the leadership of the Ministry of Government efficiency (DOGE).
It is worth noting that Musk’s political declaration came exactly as Trump has signed a comprehensive draft law on taxes and spending, MUSK opposes the legislation publicly.
ETF delay raises wider fears behind the box flows. Tesla shares closed on Friday at $ 315.35, slightly away from the highest weekly level of about $ 320.
Although the Dip may seem simple, it reflects increasing concerns about the organizational reaction, the potential loss of tax credit EV, and the concerns that Musk may lose the focus on Tesla basic works.
The goal of the next Tesla is the target
The descending feelings infiltrate the crawl, with some analysts warning that if the political risks continue to grow and the feelings weaken, TSLA can slip below $ 250 or even test the $ 200 brand.
To this end, on the technical front, it appears $ 250 as a critical level. Modern analysis through the drawing platform TrendSpider He appears Tesla weekly chart indicates that this price is the most trading region over the past five years.
Known as the control point (POC), where the highest size of the shares has changed, making it a major battlefield for bulls and bears alike.
Data from TrendSpider The most prominent $ 250 as a main pivotal point, making a strong interest in buying and selling through market cycles. With TSLA is now much higher than that region, investors are watching to see if the share can hold its land or slide towards this decisive support level.
Distinctive image via Shutterstock
