I agree with you, I don't see a conspiracy either. If you look at the trajectory of the NASDAQ today, it looks almost exactly the same as TSLA's.
NASDAQ:
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TSLA:
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Good analysis with the chart comparing TSLA to the Nasdaq. What this says to me is that there was some institution selling by way of good old fashioned VWAP orders from the start of the trading day up to the close because:
a)large institutions often use Volume Weighted Average Price orders to buy or sell a large position in a given day (sometimes it can be over two days or sometimes it can just be for a certain specified time of day, TWAP instead of VWAP)
b)TSLA tracked the nasdaq but with a downward slant obviously since TSLA ended up down and the nasdaq ended the day up
c)if someone was really trying to manipulate the market the chart would not look like this and why would premarket have started at a high point? Pre-market is the easiest time to manipulate a stock price due to the lack of volume (look up 'spoofing'). It didn't start its trek downwards premarket because the institutional VWAP sell order doesn't go into effect until the primary exchange opens at 9:30 and that is when there was an initial load of heavy selling by the VWAP order(s) and then again at the end of the day heavy selling again not the close by way of the same institutional VWAP order(s)
We will have to see what happens next week if the institutional selling continues or perhaps institutional buyers step back in with sme VWAP buy orders, it's anyone's guess short term. This is how the market works.
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