Could Teslas stock bounce back? New data from a crucial indicator says yes

　　TSLA stock RSI indicator and price chart. Source: TrendSpiderWhat do other technical indicators predict for TSLA stock？

　　According to technical analysis, TSLAs stock price is expected to remain flat in the coming days, possibly with a short-term bearish reversal. Momentum is currently neutral, but there are signs that it could swing either way.

　　Traders should closely monitor the MACD Histogram for potential trend reversal cues and watch for any significant breakout from the Bollinger Bands to confirm a new trend direction.

　　In summary, although the short-term outlook may suggest a bearish trend, investors are advised to proceed cautiously and wait for more precise signals from technical indicators before making any major trading moves.

　　Recent lay-offs and slashing prices in the wake of Q1 earnings

　　Following its first year-over-year decline in vehicle deliveries since 2020, Tesla is set to cut over 10% of its global workforce. According to its latest annual report, this translates to at least 14,000 of the 140,473 employees.

　　This announcement adds to a series of setbacks for Tesla. The company recently fell short of delivery estimates before its quarterly earnings on April 23, and earlier in January, it projected a slowdown in sales growth as it prepares to launch its next-generation vehicles.

　　Moreover, Tesla has reportedly scrapped plans for an affordable Model 2 priced at around $25,000, shifting its focus to a new Robotaxi initiative while also having issues with Cybertruck deliveries and production.

　　Whether fundamentals or technicals will manage to dictate the narrative for Tesla stock remains to be seen, with the picture becoming clearer after its Q1 report.