Chart of the Day: Tesla (TSLA) Tests Key Support Levels

Tesla (TSLA) is recalling more than 200,000 vehicles due to a software issue affecting rearview cameras, adding another headline for investors to monitor.

Kevin Horner breaks down the technical picture, highlighting $370 as a key short-term support level while watching $401 as major upside resistance. On the longer-term chart, Horner points to $340 as an important support area, representing a 50% retracement of Tesla’s prior rally.

He’s also watching whether TSLA can reclaim its 200-day moving average above $401 to potentially spark another leg higher.

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