Core Viewpoint - Tesla, Inc. (NASDAQ:TSLA) shares are experiencing a rise, attributed to market dynamics despite recent concerns over weak electric vehicle (EV) demand and lowered estimates from some analysts [1]. Group 1: Stock Performance - TSLA stock is gaining positive traction, becoming today's Stock of the Day after breaking an important support level [2]. - The stock faced increased selling pressure after breaking the $412 support level, indicating a bearish dynamic as buyers who created the support have exited the market [3][4]. - If the stock continues to decline, it is anticipated that the sell-off may stabilize around the $365 level, which previously acted as resistance and could turn into support [4]. Group 2: Market Dynamics - The breakdown of the support level suggests that sellers are forced to sell at discounts, leading to a downtrend in the stock price [3]. - Traders who sold shares around the $365 mark may regret their decision if the stock price rebounds, leading them to place buy orders at that level, potentially forming new support [5].