Tesla Call Levels Centered Right Around $220

However, a breakdown below $193 would likely be a sign that the stock is headed to re-test the $177-182 range where it found support in spring of 2014 and spring of 2015.

As far as resistance levels, the downward-sloping resistance line that has been in place since mid-2015 has now reached as low as $240, while the stock’s double top in the $286-$292 range is also major long-term resistance.

Disclosure: the author holds no position in the stocks mentioned.