Leaving some wiggling aside, I believe Tesla is going down pretty heavily. I do not know about the fundamentals of this company, but technically, I would say 200$ is a realistic target. Below that, well it is all about the overall market and how strong the correction will be. Yes, a correction is coming, only question remaining is the magnitude.
PS : I don't know what happened to the first angled , but the number is correct, it is 26 degrees
In the case presented your assumed Wave 4 overlaps Wave 1 and that is not permitted. under Elliot Wave rules. If the same graph is looked at on a monthly basis, we notice that we may be in the corrective phase of Wave 2. In such as case, your first target is still possible but not highly likely.
Currently, the stock is in the process of completing wave 2 by bouncing between Fibonacci retracement values. importantly we are sitting right on top of the long term trend and retesting Oct 1st low. if the stock is to stay in the current uptrend with should see a bounce on Monday. if it breaks lower than wave 2 could be completed either at 220-221 range (Fib =0.382) or at 204-205 range (Fib = 0.234).
I look forward to your feedback and best wishes.