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Tesla accumulates its worst streak since March: plummets 20% in four days

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Nobody doubts that 2020 is being a great year for Elon Musk. So far this year the shares of Tesla They have shot up by about 400%, a rise that convinces the experts of ForexNews.online very much. "Technically we keep saying the same thing as months ago, that the price always commands and that it cannot be more bullish", says José María Rodríguez, technical analyst of this medium. However, this is not being his week.

Tesla titles accumulate four consecutive sessions in red, his worst streak since mid-March. You have to go back to the black week in March, when all markets crashed, to find a worse streak. In just four days their titles have fallen by about 20%.

Despite the fact that everything indicates that the latest falls are only a bearish drop in a bullish ocean, the truth is that they are occurring at a very significant moment. On Monday the 'split' became effective which has divided its shares into five. A movement that seeks to attract small investors.

An objective that on Monday was more than met. Its shares soared more than 12%, one of the biggest gains of this 2020. A rise that Musk took advantage of to announce a capital increase of more than 4,100 million. A movement with which you seek to strengthen your balance.

Although Elon Musk is not the only one to take advantage of the rally on the stock market, so has his brother Kimbal. On Tuesday, after Tesla hit a new high, it sold a package of shares for which pocketed more than $ 8 million.

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