Fundamentals are terrible:
1-The company is still cash flow negative and mainly survives on government subsidies.
2-GM Just introduced its 200 miles+ electric car that sells for 30K vs 110K for Model S.
3-All car manufacturers have moved in to produce electric and self driving cars.
4-There are IT experts in Silicon valley that teach "Self Driving" tech to...
Triple Rejection at 3.07 with massive monthly momentum divergence is the main technical evidence calling for a test of 2.80
Moreover, All movement since January 2015 has been corrective, including the 3 waves up from April 2016.
The c wave of the corrective structure in the light blue box is missing.
I believe this will be a deep retrace to 2.6851 as is typical...