Down 32% from recent highs, the stock of electric vehicle maker Tesla (TSLA) is officially in a bear market. Maximize Your Portfolio with Data

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 5.2% in the afternoon session after Chinese electric vehicle manufacturer, BYD, unveiled "DiPilot," an assisted driving system (like a smart co-pilot or an extra pair of eyes while driving) that will integrate AI features from DeepSeek (Chinese AI Startup).

We recently published a list of 10 AI Stocks to Watch Amid DeepSeek Impact. In this article, we are going to take a look at where Tesla Inc (NASDAQ:TSLA) stands against other AI stocks to watch amid DeepSeek impact.

It’s only Tuesday, and yet Tesla (TSLA) stock is already down 9.2% this week. In fact, if you include Friday, in just the last three sessions TSLA shares have given up 12.2% or $147 billion in market cap.

Dow and S&P 500 futures were falling but Nasdaq 100 futures were gaining as the stock market awaits the CPI inflation report.

Tesla stock is showing incomplete sequences in the cycle from the 488.78 peak. The break below the January 2nd low suggests that the cycle from the 488.78 peak is incomplete, indicating potential weakness in the near term. TSLA is targeting the 323.98 – 252.46 area, where we would like to be buyers again.