Tesla Slides 2.2% Below $400 as Rivian Threat Grows — Is Support Gone?
Tesla (TSLA) fell 2.19% to $394, decisively breaking the $400 level bulls and bears had fought over for days. Headwinds are stacking up: Rivian's challenge to the Model Y is intensifying, Musk's "AI will replace jobs" narrative is drawing real pushback, and the Dow logged its worst single day in nearly a month on geopolitical risk-off. With $400 support now gone, the technical picture has weakened. Competitive pressure and sentiment both point lower — do you wait for a deeper entry, or step aside entirely?