Tesla Inc. (TSLA) shares faced significant volatility on December 9, 2024, with the stock hitting a psychological resistance level at $400. Despite earlier bullish sentiment, a hard sell-off occurred at this price point, leading to a decline in share value. Analysts noted a 'gamma squeeze' phenomenon impacting trading dynamics. The stock's performance has drawn attention from various funds and media, many of which had previously adopted a bearish outlook. The broader market also showed movement, with the S&P 500 index (SPX) closing at 6075.11, indicating a gap fill from the previous trading session. As TSLA shares turned red, some traders expressed interest in re-entering the market at lower price levels, specifically between $370 and $375.