The technicals display a strong support around $190-$195. After 18 months of correction from the late 2014 high of $285; there was a strong bounce off the 0.5 fib to the at $265. The that has occurred in the price action subsequently has narrowed the rang towards the confirmed support.
Indicators are also positive. The OBV levels also illustrate a even stronger which, on expected breakup, would catapult the - and price will follow. The has developed into a triangle, that once broken will show even more strength in price.
Imo TSLA looks primed for a long position, with a stop at $188 and T1 sitting on the resistance at $262. The R/R is 3.79 and we're looking at a near 30% rise on the upside.
My ideal entry position is around the current area, if it was to cement the support one more time that would be a perfect entry point for me. My take profit around the $260 area unless there's a strong break of the resistance, or beforehand if there's signs of real weakness. I'd be also adding to my position as soon as the wedge is broken to the upside.
Re the previous impulse wave: I tend to use elliott wave as a guideline but not as gospel, especially in the stock market - seeing as certain news events may overstretch the price momentarly. As long as TSLA stays above the support line, I'm feel confident buying with a stop under the support.
Hope this helps mate!