Consumer reports just downgraded the rating on Tesla's Model S to "worse-than-average" citing the fact that consumers "chronicled an array of detailed and complicated maladies" with the popular sedan. Couple that with technicals, e.g. the pattern and lower highs, and its a bleak outlook for TSLA in the near future. Also note the relative lack of levels from below until around $196. Now, the indicators say its slightly oversold, so we can expect a slight retracement, which may be good for the scalpers, but the swing trader may want to consider a short position soon.