Whilst the main market saw a day of minor chop, there was notable weakness in Tesla (TSLA), which settled lower for a third consecutive day, by a very significant -5.0% @ $211.34. Next support is the 200/195 zone, below that.. the $150/140s, which do seem probable this summer.
TSLA is really struggling as Mr Market is increasingly impatient at the notion that vehicle production is still going to take a few more years to reach 300-500k vehicles a year.
A further capital injection seems a given... and that will likely come via a share issue.
However, if the main market does eventually break to the sp'1600/1500s this summer/autumn, such a share issue will be off the menu until 2017.. at which point Mr Musk will be asking for new money from almost anyone.
I really like the company, highly innovative, an industry leader, with a superb product line, but TSLA just doesn't make money.. and won't likely be making any significant profit for another 4-5 years.