Tesla: Rebound or New Rally?Tesla, Inc.NASDAQ:TSLAHKCM_GlobalPrimary Scenario At this stage, we see TSLA in an interim correction that still has further downside potential in the near term. After reaching the associated low, price should reverse and resume the ongoing upward impulse. Alternative Scenario In our alternative scenario, price would make another move higher before the interim correction resumes (probability: 40%). Any short-term gains, which may have already started since the last interim low, would in this case remain capped below resistance at $498.83.