Tesla Clings to $380 Support as Automakers Target Rebound

As of June 24, Tesla is holding critical support near $380 with a potential rebound toward $400, while a break lower could target $365. The stock had been trapped in a tight $380-$420 range on the 4-hour chart through June 22, where short-term bullish signals like a MACD cross emerged but broader indicators including SuperTrend and Ichimoku remained bearish. Volume contraction during consolidation raised false-breakout risks, leaving the sector in a wait-and-see posture as Ford and GM also probe oversold levels for stabilization.