Tesla stock finds support, for now

News Snapshot:

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. The reclaiming of the 100-day average comes after a nearly 6% bounce on Thursday. Shares rose about 1.5% in pre-market trading on Friday. "Sentiment was way too negative — the best is still ahead for Elon Musk," Wedbush analyst Dan Ives told me....