Tesla (TSLA) is starting to recover.

After plummeting from about $260 to $180, the electric vehicle stock is starting to pivot from over-extensions on RSI, MACD, and Williams’ %R. Last trading at $191, we would initially like to see TSLA refill its bearish gap around $210. From there, we’d like to see it test $250.

Sure, a good number of analysts downgraded the stock. But at this point, it’s overkill.  The bad news appears to have been priced in, and traders are starting to funnel back in. Plus, we have to remember that if and when the Federal Reserve does cut interest rates, we could see a resurgence of electric vehicle sales this year.

With Tesla, recent weakness appears to be a solid opportunity.