Shares of Tesla Inc (NASDAQ: TSLA) are trading right around $390, back at the bottom of a multi-month range after repeatedly failing to build on January’s earnings beat. The company topped headline expectations in that report, yet the stock was unable to sustain any upside momentum. Since then, sellers have steadily pushed it back toward this support level, which has been defended twice in recent months.
The repeated tests suggest bullish conviction could be thinning. But another big test for Tesla approaches on March 9, and it could matter far more than price action in determining whether the stock sees upside in 2026.
