Key Takeaways Tesla shares skidded on Monday as investors await the EV maker’s highly anticipated quarterly results, due after Tuesday’s closing bell. Since finding a local bottom in early March, Tesla shares have consolidated within a descending triangle,

Tesla earnings report on Tues after market. Expected: 41 cents/share, $21.35 billion rev. Charts show bearish trend. Analysts rating: Buy, $298.14 PT.

Business Insider called out the event, which has been hitting the stock indexes of some major players over the last couple of weeks as tariff trouble has hit just about everyone. Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.