Tesla Volatile On News

Tesla Motors

shares are trading lower by $9 at $233.32 in Wednesday's session. The double whammy of hedge fund manager Jim Chanos and high levels exiting the company has longs extremely nervous about its Q1 report due out after the close. The issue, which has been in full retreat since reaching $269.34 on April 7 has reached its lowest level since making that high at $221.35 and is attempting to rebound. If the decline continues thrrogh the intraday low, there may be only limited support until its Febraury 24 low of $215.