The Tesla stock price death cross occurred amid declining EV market growth rates, with BloombergNEF revising 2024 projections down 3%, potentially reinforcing the technical sell signal. The so-called "Magnificent Seven" - Apple, Microsoft, Amazon.com, Alphabet, Meta Platforms, Nvidia and Tesla - staged a blistering rally last year and pushed Wall Street to record highs. Economists attribute such patterns to the ongoing economic uncertainty, uncertain trade talks, and volatile interest rates. Data shows Tesla stock price death cross patterns often coincide with broader Nasdaq weakness. ETFs heavy in Tesla may experience amplified downside risk if the tech index trends lower.