Tesla Inc. (TSLA) shares experienced a decline on October 28, 2024, breaking below the day's earlier highs. Analysts noted a significant drop from the New Year high, with some suggesting that the stock is undergoing a typical $10 reversal pattern. The stock was seen testing support around $266, with indications of bearish sentiment in the options market, as reflected by a put/call ratio of 713 to 7821. Despite the downturn, bullish trading activity has persisted for three consecutive days, particularly in comparison to Nvidia Corp. (NVDA). Market participants are advised to consider intraday trading strategies or selling calls to capitalize on the volatility.