Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing ( ). It is also on the verge of breaking down from the developed since November 2013.
Stop loss: 236.72
Take Profit: 132.02
Overall, I'm still in the long term prospect of Tesla and at $120 it is almost certainly a good buy.