Technical Summary: It has been a joyride (get the pun?) for Tesla shareholders over the last 5 years with the stock running up from below $50 per share to above $350 per share. This run continued into 2017 with the stock peaking in June before going sideways. More recently the stock has has broken through consolidation support and looks weak at this juncture. The stock needs to hold its most recent low or risk descending into a downtrend. The stock is not buyable at this juncture and is perhaps even shortable if it crosses below its area of support. The stock itself is volatile and investors need to consider this when analysing the investment case.