Tesla Inc. (NASDAQ: 
TSLA) faced another sharp sell-off on Thursday 10th. The stock dropped 7.27% to close at $252.40, down $19.80 for the day. However, volume was high, reaching 399.04 million shares.
The fall followed reports of build quality issues in Tesla’s Cybertruck. Owners posted complaints on the Cybertruck Owners Club forum. Several noted that the vehicle’s metal panels had detached.
Additionally, videos showing Cybertruck damage in cold weather gained attention on social media site X. These reports raised concerns over production quality.
Tesla had been recovering before the recent plunge. However, concerns about product reliability appear to have paused the rebound.
Technical Analysis
The 3-day chart shows Tesla in a strong downtrend. The stock broke below $290, triggering a drop to around $220 before bouncing back to $252. Price recently respected a key support near $190m, which may act as a floor for future declines. High volume near support signals buyer interest. If Tesla breaks above $290, it could retest $300. That zone acts as resistance and aligns with the 50- and 100-day moving averages at $252 and $232, respectively.
The longer-term target is near $488, but the price must clear $290 first. A failure to hold support near $220 could send the stock back toward $180. The RSI is at 42.77, slightly above oversold. Momentum is weak but may shift if price builds support above $250. Tesla’s next move depends on how it manages both technical resistance and consumer concerns.
TSLA) faced another sharp sell-off on Thursday 10th. The stock dropped 7.27% to close at $252.40, down $19.80 for the day. However, volume was high, reaching 399.04 million shares.The fall followed reports of build quality issues in Tesla’s Cybertruck. Owners posted complaints on the Cybertruck Owners Club forum. Several noted that the vehicle’s metal panels had detached.
Additionally, videos showing Cybertruck damage in cold weather gained attention on social media site X. These reports raised concerns over production quality.
Tesla had been recovering before the recent plunge. However, concerns about product reliability appear to have paused the rebound.
Technical Analysis
The 3-day chart shows Tesla in a strong downtrend. The stock broke below $290, triggering a drop to around $220 before bouncing back to $252. Price recently respected a key support near $190m, which may act as a floor for future declines. High volume near support signals buyer interest. If Tesla breaks above $290, it could retest $300. That zone acts as resistance and aligns with the 50- and 100-day moving averages at $252 and $232, respectively.
The longer-term target is near $488, but the price must clear $290 first. A failure to hold support near $220 could send the stock back toward $180. The RSI is at 42.77, slightly above oversold. Momentum is weak but may shift if price builds support above $250. Tesla’s next move depends on how it manages both technical resistance and consumer concerns.
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