Tesla has to attract fresh investors. and 238 is the level where it has to happen if they want to break above the newly formed downtrend leg. The price could be bouncing between 238 and 265, but beware of the gap formed after the ER day at 254, this will be a resistance going to the upside.
If new capitals don't enter Tesla then the current capitals will start to leave bringing the stock price down to 216 or 200 levels. 180 is still a strong support for Tesla.
If new capitals don't enter Tesla then the current capitals will start to leave bringing the stock price down to 216 or 200 levels. 180 is still a strong support for Tesla.