Tesla Stock Below Moving Averages, Bear Call Spread Option Explored

Tesla Stock Continues to Underperform in Strong Market

Tesla stock has been struggling to keep up with the market, even in the midst of a strong bull run. Currently, the stock is trading below its 21-, 50-, and 200-day moving averages, indicating a downward trend. According to the IBD Stock Checkup, Tesla is ranked 8th in its industry group, with a Composite Rating of 42, an EPS Rating of 68, and a Relative Strength Rating of 16, all pointing towards bearish signs.