In the bearish turn with Tech especially the drop with most of the Magnificent-7, Tesla held the 375 region well.  While innovative announcements in areas like robotaxis and their push into AI with advanced robotics are interesting to longer term holders of the name, the opinion and sentiment on the name given the strong competition it faces with vehicle sales both domestically and internationally appears to be waning. Inflated expectations keep pushing things lower and the Cyber Truck sales numbers are not looking promising. In all honesty, its all about their investment in research and about innovations from the robotaxi network to humanoid robotics, that make the firm a much more than an EV manufacturer. So if this was the true benchmark for measure, the company stays well ahead of other domestic peers. 

The daily chart shown below shows fib support between 357~382 and in our opinion, if that price band can hold us through the current weakness in the Tech heavy Nasdaq index, we maybe headed above the previous high of 488.54 from mid-Dec'24.

Chart (TSLA)