Why Tesla Stock’s Ceiling Is Now $200. Where the Floor Might Be.

Tesla


hasn’t had a lot of important fundamental news recently, which leaves the stock at the mercy of its chart. And the chart doesn’t look very good.

Until something fundamental changes,

Tesla


(ticker: TSLA) stock is likely to top out at around $200. It could fall as low as $100, though there is also some support for shares around $166. At Monday’s closing price of $182.45, the shorter-term balance between risks and potential rewards looks, well, unrewarding.