$Tesla(TSLA.US) In the night session, there were massive buy orders supporting at 395.2 and 399.2 in pre-market, which can be considered as support levels. Above, resistance from short positions appeared at 400 and 399, with not many chips (positions), indicating this sharp drop was entirely driven by news sentiment. Alternatively, shorts might be eager to cover at 398.8. If the opening cannot quickly rebound to 399.2, this short position pressure will continue downwards to 391. Watch the interest rate decision to see if there will be an upward bounce. Otherwise, short covering at 38X.