TSLA - struggling with higher bond yields

Whilst the main market saw a day of moderate swings, there was significant weakness in Tesla (TSLA), which settled lower for a third consecutive day, -2.8% at $337.86. The stock was under pressure as the new $1.8bn block of bonds saw yields jump.


TSLA daily

TSLA monthly

Summary

See: http://www.zerohedge.com/news/2017-08-21/tesla-stock-slumps-after-terrible-bond-new-issue-tanks
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As for Tesla stock, from a pure technical perspective, despite recent weakness, its still holding the post earnings bullish breakout.

From a pure valuation perspective, the stock is ludicriously valued, but for the moment, the US capital market is showing no sign of taking away the 'free pass' given to Elon Musk.

To be clear, I am bullish the product and the CEO, but the stock is insanely priced, not that such a momo stock deserves to be shorted.
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*Only bearish if the main market breaks key supports (<200dma, <10MA), with TSLA under the old ceiling... around $285.