TESLA - Bearish outlook preferred as long as resistance 380 is not broken - SELL if 326, 319, 309 and 298 are broken.

The rebound from the low on April 4, 2025 at 214.25 appears to be forming a top of some degree. Because Tesla did not break above the 61.80% retracement level of the December to March decline at 385, the outlook remains bearish. Based on the magnitude of the Q1-decline and the rebound from early April,
I come up with major supports and SELL signals with the break of the supports at 320, 295, 260 and 198.
If TESLA forms a corrective a-b-c, then it could fall as low as 100. See also the next lower chart for the close up of the present top and correction.

Tesla is likely to complete a Head and Shoulders Top with the break of the supports at 329-326-319. The next support range is between 309 and 298. The overnext lower support range is 273 to 263. A break of these levels would trigger SELL signals.
To resume the uptrend from April, TESLA must rise above 339 and 345.