Key support level at $177.08 looms for downtrending Tesla; currently $7.98 away

• Price action is retreating from existing support around $177.08

While on a 5 day downtrend With a marginal improvement upon yesterday's session, after dropping down to $179.74, the trendy EV maker recovers some losses and is currently trading at $185.06.

Having set a significant low of $108.1 3 months ago, Elon Musk's EV company is trading 71.62% higher.

Chart analysis indicates Tesla is climbing away and is now $7.98 from the $177.08 support line.

Fundamental indicators – United States Unemployment Rate beat the 3.6 projections, with 3.5.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Alibaba was up 4.25%. Toyota went down 1.1%, closed at $140.42. Amazon added 0.95% to its value, and traded at $102.06.