Bill Ackman Drives Tesla: Reasons He Declares He Won't Buy Shares

Bill Ackman's announcement that he will not purchase TSLA shares may create a negative effect. The RSI14 is at a low level of 37.32, and the MACD is negative at -2.62. A decline of 3.96% has occurred in the last 24 hours. However, the SMA50 at 396.93 remains below the last closing price. Therefore, we can expect a short-term downward movement.