SpaceX and Tesla Continue to Decline as Midterm Election Results Cloud Data Center and Merger Outlook

TSLA fell sharply by 15.8% in 24 hours to 343.57, with its RSI at 20.2, placing it in oversold territory. MACD is negative and below its signal line, and the price is markedly below the SMA20 and SMA50; the short-term trend is downward. News of midterm election uncertainty clouding data center and merger expectations is weakening risk appetite and reinforcing negative momentum. Oversold conditions could set the stage for bargain-hunting rebounds, but the direction remains biased lower until a catalyst becomes clear. I expect a slightly downward but volatile course over the next 1-3 days.

The news headline does not directly target GOOGL; although it focuses on SpaceX and Tesla, the uncertainty surrounding the midterm elections could cloud the data center and merger outlook, potentially weighing on risk appetite across the technology sector. GOOGL's technical picture is already weak: the price is below the SMA20 and SMA50, the RSI at 42 is in neutral-to-weak territory, and the MACD is negative. However, the MACD is slightly above its signal line and the 24-hour decline is limited (0.44%), indicating there is no severe selling pressure. I expect a mild downward bias in the short term, but confidence is low due to the news's indirect impact on GOOGL. In the 1-3 day window, the 280-282 band should be watched as support.