Good News for Tesla Investors: The Stock Is Now Oversold.

Shares of electric-vehicle leader

Tesla

have gone through just a brutal stretch lately. It’s been painful for the bulls, but they might be getting some relief soon.

Tesla

(ticker: TSLA) stock dropped another 2.9% Tuesday, closing at $216.50 while the

S&P 500

and

Nasdaq Composite

finished down 0.7% and 1.1%, respectively. Shares are down a whopping 25% since Sept. 28, just before the company released weaker-than-expected third-quarter-delivery numbers.