Tesla's stock value drops below key support levels, causing concern for investors.
Tesla's stock has fallen below another key Fibonacci chart level, dipping into a support zone at January's upside price gap. The stock sank as much as 4.6% to an intraday low of $153.21, before paring some losses to be down 3.4% in afternoon trading. This could put the stock on course to test the next big support zone, which extends below $150.