Tesla stock may rebound if $300 support holds
Tesla shares have reached an area where selling pressure could temporarily ease. The price reaction at $300 will determine whether a technical rebound begins or the post-earnings selloff continues.
The news backdrop for Tesla remains mixed. Cathie Wood’s ARK Invest took advantage of the post-earnings decline and purchased more than 160,000 shares worth approximately $50.5 million.
Meanwhile, Deutsche Bank lowered its price target from $465 to $420 while maintaining its Buy rating. The bank cited slower progress in robotaxis and Optimus, as well as a lack of significant near-term catalysts.
$300 remains the key level for a potential recovery
The Second-Day Earnings setup outlined earlier played out in full. TSLA is now trading near the psychological $300 level.The shares are likely to test this level today. Holding $300 could trigger a technical rebound towards resistance near $314. The daily RSI (14), which is already in oversold territory, provides an additional positive signal.
However, caution remains necessary. A break below $300 could trigger stop-loss orders and the unwinding of long positions, briefly pushing the price as low as $295.
A quick recovery and daily close back above $300 would strongly suggest a false breakdown and increase the probability of a local rebound.
Traders should wait for confirmation near $300
ARK Invest’s purchase confirms continued long-term interest in Tesla, but it is unlikely to stop the post-earnings repricing on its own.Short-term traders may be better off waiting for confirmation that the price is stabilizing around $300. Trying to catch the bottom before a clear recovery signal emerges remains highly risky.
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