My prediction for TSLA is that today’s sharp drop may be an overreaction and the price is now testing an important support/breakout area around $388–392, which also aligns with the descending trendline shown on the 4H chart. If TSLA can hold this zone and buyers step in, I expect a relief rebound from this level, with the first target around $405–410, followed by a stronger recovery toward $420–440 if momentum improves and the broader market stabilizes. However, the key condition is that TSLA must stay above the recent low near $388; if it breaks below that level and fails to reclaim it, the bullish rebound setup becomes weaker.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.