Tesla Plunges 11%! Approaching its Last Lifeline, a Break Below Could Lead to Another 20% Drop?! 1. Tesla (TSLA) Tesla plunged nearly 11% in a single day, closing at $343.69, indicating severe short-term oversold conditions. $335 is currently the most critical lifeline, also a significant previous bottom. If $335 holds, a right shoulder may gradually form, potentially leading to a bullish head and shoulders bottom pattern, with the next key level to watch being a rebound breakout to $390-$400. However, if the daily chart breaks below $335, the next target is $315-$320. In extreme cases, if this false breakout triggers a deeper correction, the Fibonacci support zone of $260-$280 cannot be ruled out. 4. SpaceX (SPCX) It has fallen back to the previously key $115-$120 area, and the large fair value gap left by the previous rise is being filled. This area also coincides with Fibonacci support, making it a key support zone. As long as the $115 level holds, there is a chance for a gradual bottoming out here. If the price breaks below 115, the next target is 100-105, and further down, it may test 95. The key focus now is whether a significant rebound with increased volume can occur. SpaceX has pulled back to a key support level!