Tesla stock price has remained on edge this month as concerns about the company have continued. What next for the TSLA shares?

Traders should now watch $250 as the next key level. A drop to that price would represent a 20% pullback from recent highs and return the stock to its longer-term bear market trendline. That target is likely to be tested within the next two weeks, barring any sharp reversal in Musk’s focus or tone.

Elon Musk said over the weekend he was starting a new “America Party.” That’s “exactly the opposite direction” that Tesla shareholders want, an analyst says.