Watch These Tesla Price Levels as Stock Plunges Following EV Maker's Robotaxi Event

Core Insights - Tesla shares experienced a significant decline of 8% following the company's robotaxi event, which did not meet investor expectations [1] - The stock has retraced within a flag pattern, indicating a potential continuation of its upward trend observed in recent months [3] - Key support levels to monitor are around $225 and $205, while resistance levels are identified near $265 and $300 [4][5][6] Company Performance - Tesla shares are down approximately 12% year-to-date but saw a gain of over 30% in the third quarter due to anticipation surrounding delivery reports and the robotaxi event [2] - The company is set to report its third-quarter earnings on October 23, following a month of significant updates [2] Technical Analysis - The flag pattern suggests a continuation of the upward trend since early August, although trading volumes remain below average, indicating that larger market participants may be cautious [3] - Important support levels include $225, where buying interest may emerge, and $205, which could serve as a lower support level [4] - Resistance levels to watch include $265, where the stock may face challenges, and $300, which could attract profit-taking from investors [5][6]