Tesla's 15min chart indicates RSI Overbought, KDJ Death Cross signals.

Based on the 15-minute chart of Tesla's stock, the Relative Strength Index (RSI) has reached overbought levels, while the KDJ indicator has formed a death cross at 04/25/2023 13:00. This indicates that the stock price has increased rapidly and may be unsupported by fundamental factors. Moreover, the momentum of the stock price is shifting towards the downside, suggesting a potential further decline in the stock's value.

Tesla (TSLA) stock experienced significant volatility over the past week, driven by regulatory changes and analyst sentiment. On April 25, Tesla's stock surged nearly 10% after U.S. Transportation Secretary Sean Duffy introduced a new framework for autonomous vehicles, which eases some rules and boosts innovation in the sector [1]. This framework allows self-driving cars without rearview mirrors to operate on roads and permits carmakers to report minor crashes monthly, with a new property damage threshold for less serious incidents.

The new rules are a boost for Tesla, which has made a significant bet on self-driving technology. The electric vehicle maker plans to roll out a robotaxi service in Austin this June and begin producing its Cybercab robotaxi in 2026. Despite the positive regulatory news, Tesla's stock remains down 29% year-to-date, reflecting broader market concerns and challenges faced by the company [1].

Analysts have been critical of Tesla's performance. Gordon Johnson, founder and CEO of GLJ Research, issued a scathing take, urging investors to "aggressively short TSLA’s stock through 2Q25E" [2]. Johnson cited concerns about Tesla's Q2 deliveries and the impact of the trade war, noting that the current U.S.-China trade war is more severe than that seen in 2018.

The technical indicators also suggest a potential downturn for Tesla stock. Based on the 15-minute chart of Tesla's stock, the Relative Strength Index (RSI) has reached overbought levels, while the KDJ indicator has formed a death cross at 04/25/2023 13:00. This indicates that the stock price has increased rapidly and may be unsupported by fundamental factors. Moreover, the momentum of the stock price is shifting towards the downside, suggesting a potential further decline in the stock's value.

Elon Musk's recent focus on politics and his move into government have also been a source of concern for investors. Musk's reduced involvement in Tesla operations has led to weaker sales in major markets like Europe, China, and California, contributing to the sharp sell-off in Tesla's stock this year [1].

Cathie Wood, a prominent investor, bought $3 million of Nvidia and AMD stock after a tumble, indicating a shift in investment sentiment towards these companies over Tesla [1]. Despite Musk's recent pledge to spend more time at Tesla, the company's struggles and the broader macroeconomic trends continue to weigh on its stock performance.

References:
[1] https://www.thestreet.com/investing/surprising-robotaxi-news-sends-tesla-stock-surging
[2] https://finance.yahoo.com/news/analyst-issues-scathing-elon-musk-133300723.html