Trading expert sets Tesla (TSLA) stock price for start of Q1 2027

Electric vehicle manufacturer Tesla (NASDAQ: TSLA ) is facing further downside risks heading into the new year, as technical indicators point to renewed selling pressure. The bearish outlook by TradingShot in a TradingView post on November 6 follows the stock’s latest rejection at a key resistance level, with the analyst projecting another downward move before a potential recovery. To this end, the analyst identified $260 as the next major downside target, suggesting Tesla could reach this level in early January 2027. As of press time, Tesla shares traded at $358, up 4.27% on the day. A decline to $260 would represent a potential loss of 27.45%. TradingShot noted that Tesla has been trading within a one-year descending channel, characterized by successive lower highs and lower lows.

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