After the new administration was elected in Nov 2024, 
TSLY stock had a huge bull run since then. It doubled between Nov 2024 to Dec 2024. Since the stock has sold off heavily and has lost more than 50% of its value. It recently bounced back from the lows of 214 $ which was the 0.785 Fib Retracement level if we plot the Fib levels from its highs to the lows. And then it bounced back lower 254 $ which is the 0.618 Fib Level.
TSLY is steadily trading within these 2 Fib levels and seems that it fails to break out of this pattern. The stock seems to build a base between 250 and 214 which can be a good place to accumulate the stock. With Elon distracted by DOGE affairs it seems we are missing any catalyst for this stock. So 
TSLA fans can keep on accumulating here and wait for a breakout. But to all my TSLA fans there are already breaks out in other large caps in progress. Look at $MSFT. More regarding 
MSFT in the upcoming blogs
Verdict:TSLA accumulate between 214 – 250 $ if you need to. Else look for other mega caps.
TSLY stock had a huge bull run since then. It doubled between Nov 2024 to Dec 2024. Since the stock has sold off heavily and has lost more than 50% of its value. It recently bounced back from the lows of 214 $ which was the 0.785 Fib Retracement level if we plot the Fib levels from its highs to the lows. And then it bounced back lower 254 $ which is the 0.618 Fib Level. TSLY is steadily trading within these 2 Fib levels and seems that it fails to break out of this pattern. The stock seems to build a base between 250 and 214 which can be a good place to accumulate the stock. With Elon distracted by DOGE affairs it seems we are missing any catalyst for this stock. So TSLA fans can keep on accumulating here and wait for a breakout. But to all my TSLA fans there are already breaks out in other large caps in progress. Look at $MSFT. More regarding MSFT in the upcoming blogsVerdict:
TSLA accumulate between 214 – 250 $ if you need to. Else look for other mega caps. 
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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.