Tesla is drifting lower as Musk announced a temporary price cut on the Model Y.
![](https://tradersalley.com/wp-content/uploads/2024/02/TSLA_2024-02-13_08-49-12-1024x622.png)
9-Day is still well below the 20-Day EMA, indicating that Tesla just may not have enough strength to move higher right now.
Trade Idea:
Options Contract: 16 FEB 2024 $185 PUT