Tesla is trending down after their earnings report showing that there are still some problems and new doubts brought up. However there was growth seen and they did meet their expected output of vehicles. I expect that it will further decrease towards ~$500 as more electric vehicle companies report their production and earnings and the overall euphoria over Tesla slows down.
It will go below 500 down to 400-460 in best case scenario. In worst case it may even see prices around 200