Well, Elon’s long-term desire to have his car models spell out a saucy acronym has at last been realized.
![](https://ih0.redbubble.net/image.514644947.6297/flat,550x550,075,f.u1.jpg)
The thing is, the market really doesn’t care about making 8th grade boys laugh. They care about profits. And in a world in which every piece-of-crap stock is going up, poor Tesla is actually down 30% from its own highs, grinding endlessly lower, even while launching new products.
![TSLA](https://slopeofhope.com/wp-content/uploads/2019/03/TSLA-640x451.png)
Looking at the long-term chart, the key level of support for TSLA is at 244.59. Break this, and it’s just going to enter a new phase of its own private bear market.
![TSLABIG](https://slopeofhope.com/wp-content/uploads/2019/03/TSLABIG-640x489.png)