Leading stocks continue to face bearish pressure. Tesla shares are trading in the $390-$395 range after failing to break above the psychological barrier of $400. Most investors are currently exhibiting a cautious attitude towards risk.

Tesla's positions are weakening below the $400 level, and technical indicators suggest a consolidation scenario.

The historical correlation of stocks with oil prices has weakened as investors pivot towards ideas in artificial intelligence and robotics.

In the short term, Tesla is likely to trade in a range from $370 to $405, although the risks of further decline remain high.$TSLA

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