Tesla shares have slowed their post-election rally and have underperformed the Nasdaq since the start of the year.

Tesla shares have gained ground the past two sessions after a five-day losing streak during which the stock lost 18% of its value. Monitor these important chart levels.

The analyst also noted in a CNBC interview that Tesla owners paying the additional $8,000 upgrade for existing vehicles to adopt FSD would result in a big boost in profit margin. That would help provide a return on the huge amount of capital Tesla spends on artificial intelligence (AI) infrastructure to develop FSD.

The shares dropped more than 6% to start a new year of trading after the company reported weaker-than-expected fourth-quarter deliveries.

Wall Street analyst Gordon Johnson, an analyst at GLJ Research, has made a huge bearish prediction about Tesla’s stock. Johnson cited several issues in his warning that the stock could experience huge losses this year.

The good news is that in China, Tesla’s largest overseas market where EV competition is particularly intense, sales are still growing. The company said today its EV delivery in China rose 8.8 percent last year to a record high of more than 657,