
Tesla Inc.'s stock ($TSLA) is experiencing significant market attention, with traders and analysts focusing on key price levels. The stock is nearing its daily value area support at $377.50, where a bounce is anticipated. Additionally, the $378 level has been identified as a Fibonacci retracement point, further highlighting it as a potential bounce zone. Despite recent gains, some investors have decided to trim their positions, with one trader mentioning a target of $400 before reducing holdings. This indicates a mix of cautious optimism and profit-taking among Tesla investors. Meanwhile, Tesla's stock has seen a decline of 3% today, and some investors have locked in gains of over 200%.

