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TSLA Selloff Despite Musk Pay Package Approval

TSLA shareholders approved Elon Musk’s pay package with roughly 72% of the votes. I think this situation is a bit concerning though because there appears to be division amongst shareholders due to disagreements over decisions such as Elon’s pay package. TSLA pumped from the news, but the price action has ultimately turned into a pump and dump. TSLA has been neutral and trading sideways within a range. I have support at the white trendline, and the green zone remains as a key price target ahead of TSLA can start a rally. June is a seasonally bullish month for TSLA so there could be some more upside.

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