Down 32% from recent highs, the stock of electric vehicle maker Tesla (TSLA) is officially in a bear market. Maximize Your Portfolio with Data

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 5.2% in the afternoon session after Chinese electric vehicle manufacturer, BYD, unveiled "DiPilot," an assisted driving system (like a smart co-pilot or an extra pair of eyes while driving) that will integrate AI features from DeepSeek (Chinese AI Startup).

Tesla stock is showing incomplete sequences in the cycle from the 488.78 peak. The break below the January 2nd low suggests that the cycle from the 488.78 peak is incomplete, indicating potential weakness in the near term. TSLA is targeting the 323.98 – 252.46 area, where we would like to be buyers again.