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The price chart of Tesla is on the edge of a cliff. Twitter haters may use TSLA shares as a bearish Proxy since they can no longer short the stock. Breaking below the 2021 lows could trigger a cascading decline.

Tesla Price Chart

Below is the daily chart of TSLA. Prices have held support for 2-years. If it breaks now, it could trigger cascading stop losses lower. The next 2-weeks are crucial. 

• Tesla is testing critical support near $180. 
• Twitter bears can no longer short the stock after Elon took TWTR private. 
• Worst-case scenario: The bears use TLSA as a proxy for Twitter crashing prices below the 2021 lows. 

(Click on image to enlarge)

In summary, Tesla shares could be on the verge of an epic breakdown. It could get nasty if prices fall below $170.

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