Tesla stock finds support

Analyst's surprising take on Tesla stock turns heads
If you're going anywhere near Tesla (TSLA) , watch out for the falling knife. The company has been hitting some rough patches as the electric vehicle maker looks to shift from auto-making to focus on self-driving technologies,
Tesla stock finds support, for now
Tesla's ( TSLA) beat-up stock has found support on the charts, for now. After a brutal stretch this month that brought the stock's year-to-date decline to more than 30% at one point, Tesla's stock has rallied back above the 100-day moving average, Yahoo Finance data shows. The 100-day moving average is a key measure of longer-term market sentiment.
Why Tesla Stock Is Soaring Today
Tesla stock is gaining ground following a recent report suggesting that the company could be on track to receive a $400 million contract through the U.S. State Department. However, subsequent developments are casting doubt on whether the deal will actually go through. The stock is also getting a boost from bullish analyst coverage.
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