3 important factors
1. smart money has already started pulling out
2. new buyers came in around $400 off the split
3. majority of shares bought were under $200
what does this mean for tesla? it would easily suggest that given the legendary run its had that price could easily see well under $200 if they can get the $400 bag holders to panic sell which leaves the question will those who have purchased under $200 sit back and watch their value dissipate or will they lock in profit causing more downward pressure ?
@rajivgomes, tesla is not the same company it was even a year ago... their value will come from this realization.. but first the market must accept and acknowledge its over value before it can begin the metamorphism into a beautiful buttery fly. :)