Tesla upside movement so far is a corrective structure ABC. Further upside is possible even if its a corrective structure. For now, a retrace can soon start to Green box. The retrace will also fill gaps.
Trade active
Wave 4 in progress. The ideal target for wave 4 is around 254. But can bounce from 257 as well. Also note the marked area in blue also looks like leading diagonal which can also directly trigger downside.
Note
Bearish Scenario: There are possibilities of bearish scenario which is listed below. A bounce from the green box will be a bullish case. 
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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.