Tesla: RejectedTesla, Inc.NASDAQ:TSLAHKCM_GlobalTesla stock has recently approached the $389.31 resistance twice, but was then rejected by this level and pulled back down. These recent sell-offs align with our Primary Scenario, which continues to project a lower low as part of the ongoing intermediate correction. Primarily, we place TSLA in the final downward wave, which should target the larger low of the current intermediate correction. We forecast this to form at slightly lower levels (at the deactivated Long-Term Entry Range). After that, the price should return to the ongoing superordinate upward impulse and rise above the $498.83 mark. In our Alternative Scenario, TSLA would climb directly above the $389.31 resistance (probability: 30%). In this case, we would consider the intermediate correction complete and place the price in the third leg of the superordinate upward impulse.