A weekend exposé by The New York Times titled “Musk’s Drug Use On Campaign Trail Stoked Concerns” has reignited scrutiny over Elon Musk’s personal habits, reporting that the Tesla and SpaceX CEO frequently travels with a box containing an assortment of drugs, including ketamine, Adderall, MDMA, and psychedelic mushrooms. While Musk has previously stated his ketamine use is medicinal and minimal - aimed at managing depression - the NYT report, citing multiple sources, suggests more extensive and frequent use. Importantly, these are allegations, and there is no confirmed proof that such drug use occurred as described.
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That kind of relative underperformance at the weekly close - when institutions often reposition - isn’t trivial. It suggests that even as the broader tech sector found late-session bids, Tesla remained under sustained selling pressure. That divergence may indicate the news is being taken seriously by larger players.
So what’s next? Pre-market activity on Monday will be crucial. A decisive push lower could accelerate losses. On the other hand, if Tesla continues downward momentum, a move toward $320 (about +7.5% from Friday’s close) remains technically plausible - but only if buyers reappear with conviction.
We’ll be watching that junction carefully - and so should you. Have a strong trading week. Trade TSLA stock at your own risk.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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