Tchnically speaking the stock developed a highlighted by the blow arrows and is now headed for a major correction. A feasible support might be around 277,8 where an initial gap-up appeared around march last year.
is deeply oversold and volumes support this thesis too.
Fundamentally speaking it's quite undoubtful that Tesla is having issues in meeting Model 3 production targets. Q3 and Q4 last year didn't provide the numbers investors wanted to see.
Rumors are that Model S and X production is currently halted due to software issues too.
It's pretty clear that a production company that is not producing can't keep growing.
Competition in the EV market is tightening with many well known players entering the market or fostering their participation. Tesla is no more a leader in here (has it ever been?).
The rate at which, around Q3, was burning money was amazing. If anything changes the company might be in trouble to pay it's debt obligations and, looking at it's financial statements, it's highly leveraged on debt.
As usual, not a trading advice, merely my idea and analysis.