Tesla Inc. (TSLA) shares are currently trading below $414, with analysts observing a potential downward trend. The stock has been hovering around the $400 mark, with several traders noting that it is crucial for TSLA to hold above this level to avoid further declines. Predictions suggest that if the stock fails to maintain this support, it could drop to $389, and possibly backtest levels around $363, which were previously significant breakout points. The market sentiment appears bearish, with many traders expressing concerns about the stock's performance as deliveries are expected to be announced on Thursday.