Watch These Tesla Price Levels as Stock Hits Brakes Ahead of Q4 Deliveries Report

Core Viewpoint - Wall Street anticipates Tesla's fourth-quarter deliveries to reach approximately 510,000 units, indicating a 10% growth from the previous quarter and a 5% increase year-over-year [1] Group 1: Stock Performance and Technical Analysis - Tesla shares have experienced a decline of nearly 7% over the last two trading sessions, closing at $431.66, down from an all-time high of $488.54 [12] - The stock has consolidated within a pennant pattern, which typically signals a continuation of the current uptrend [4][6] - A measured move technique projects a price target of $615 for Tesla shares, calculated by adding $150 to the top trendline of the pennant pattern [14] Group 2: Support Levels - Key support levels to monitor include $360 and $300, with a breakdown below the pennant's lower trendline potentially leading to a revisit of the $360 level [7][8] - The $300 level is considered a psychological round number and aligns with the stock's notable swing high from July 2023, presenting a potential buying opportunity [8]