From Fortune:

Shares of Elon Musk’s electric-vehicle giant have dropped 26% this month, wiping out $205 billion in market valuation. The stock is on pace to close lower for the sixth straight week. There are many reasons for the selloff including warning of plunging demand for EVs and price cuts institute by Tesla. Since then two analysts have downgraded the stock and several have cut their price targets. Blue Bear has downgraded the stock as well. The stock could stay in flux for a while, considering Tesla’s reluctance to lay out a roadmap and an EV winter that is expected to plague the entire industry this year. Nevertheless, technical signals suggest that the stock may have dropped into “oversold” territory, which typically signals a coming reversal.



Read more: Tesla investors are ‘scratching their heads’ and see ‘no floor’ after shares plummet 26% in monthlong $205 billion swoon