Tesla Inc. (TSLA) looks like it made about a two-thirds correction in about five weeks time. I imagine it is like the reverse of acceleration. The rapid decline should be a PSA for wearing seat belts during market hours.
Showrooms are closed in New Jersey so let's check out a few charts.
In the daily candlestick chart of TSLA, below, we can see the decline and the successful retest of the rising 200-day moving average line. Trading volume in March was less than the pace in early February so I get the sense that prices fell of their own weight rather than really aggressive selling. The slope of the 50-day moving average line is just now turning negative.
The daily On-Balance-Volume (OBV) line shows what I think is a very shallow decline the past six weeks considering that TSLA was shrunk by two-thirds. The Moving Average Convergence Divergence (MACD) oscillator is crossing to the upside to generate a cover shorts buy signal.