Tesla Inc. ($TSLA) is facing critical price levels as it approaches key support and resistance zones. Traders are closely monitoring the stock's performance, particularly the $245 mark, which needs to be held to maintain bullish sentiment. The stock has shown a recent entry area around $239, with potential upward movement towards $244.50. However, analysts warn of a significant downside risk if the stock breaks below $235, which could lead to further declines towards $226. The trading community is also observing a confluence of levels between $237 and $250, indicating a pivotal moment for the stock. Some traders have adjusted their positions, with hedges in place for potential downturns, reflecting a cautious outlook amidst the current volatility.