I don't buy into blending psychiatry with investing, nor do I believe in TA so reasoning by analogy isn't something I normally do.
HOWEVER, you are correct that TSLA has been consistently walked down over the past year while it's fundamentals have gotten stronger quarter over quarter. The PE has fallen hard while the bottom line has improved drastically. At some point this behavior will change, it's a mathematical certainty the PE can not fall continuously while the company grows at this pace.
Now, the PE might never go up again either, it might hit a level and stay relatively flat for many years. This would of course result in the share price skyrocketing every quarte while the financials go up and away. Or the PE might climb too alongside the financials going up. Either way, the SP will go up someday, and with all this compression it's likely to go WAY up.
Someday. Could be next month, could be next year, could be we trade sideways until 2026. BUT, it WILL go up in time.
Like always, just hold and enjoy the ride.