Whilst the main US equity market saw minor chop, there was a particularly powerful hyper-ramp in Tesla (TSLA), which settled higher by a crazy 13.8% @ $247 (intraday peak $259). Near term trend is bullish but today's move makes the smaller cycles very over-extended.
I have little to add on what is a pure hysteria stock.
Yes it makes rather attractive cars for the high end market, but really, it remains wrapped in media hysteria, and remains one of the ultimate momentum stocks.
As even some of the anti-TSLA traders noted today, they won't chase it higher as these levels, but neither would they short such a stock. There is very viable upside to the 300s, if not 400s late 2014/early 2015.