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Tesla (TSLA) stock broke down on Tuesday after Bank of America continues to reiterate their sell rating. It seems feel the need to do this weekly now. In a note to clients, they say Tesla's battery technology doesn't stand to improve from here. We are also hearing news of a garage fire involving a Tesla charging plug. Seems the owner of the house failed to wire the outlet correctly.
As for the stock, TSLA just rallied from $116-$155 in a few weeks, a correction was due. Tesla stock will now have support between $134-$136 and is a buy on a break through the high of the day on Friday. TSLA becomes a screaming buy in the $120's.
Also see - Top Stocks 2014 - Top Stock Gainers 2013
