Tesla (TSLA) stock has been on a rollercoaster ride, tumbling from its December highs. As of January 10, 2025, the stock price has dropped by approximately 27% from its peak, raising concerns among investors. But what do the charts say about Tesla's future? Let's dive into the data and analyze the potential trends.



Firstly, it's essential to understand that Tesla's stock price has been highly volatile, with significant swings both up and down. This volatility is not uncommon for growth stocks, especially those in the tech and automotive sectors. However, the recent decline has investors wondering if the stock has reached a critical juncture.

One key indicator to consider is the Relative Strength Index (RSI). The RSI for Tesla stock is currently at 48.80, which is in the neutral range. This suggests that the stock is not overbought or oversold, and there is potential for a trend reversal. However, it's crucial to monitor the RSI closely, as a move into the overbought or oversold territory could signal a continuation of the current trend.

Another important aspect to consider is the stock's support and resistance levels. Tesla's stock price has recently found support around the $450-$460 level and resistance around the $480-$490 level. A break above resistance or below support could indicate a trend reversal. Keep an eye on these levels, as they may provide valuable insights into the stock's direction.

Analysts' price targets and ratings also play a role in Tesla's stock performance. As of January 9, 2025, the average price target from 33 analysts is $283.24, which is -27.84% lower than the current stock price of $392.50. The average target predicts a decrease of -27.84% from the current stock price. The average analyst rating from 38 stock analysts is "Hold," indicating that analysts believe this stock is likely to perform similarly to the overall market.



In conclusion, Tesla's stock price has been highly volatile, with recent declines raising concerns among investors. However, key technical indicators such as the RSI and support/resistance levels suggest that the stock may be at a critical juncture. While analysts' price targets and ratings indicate a bearish outlook, it's essential to monitor the stock's price action closely and consider the potential for a trend reversal. As always, it's crucial to do your own research and make informed decisions based on your investment goals and risk tolerance.