Tesla TSLA is close to testing support and gap area at 240.70. RSI (and MACD) have been showing divergence for quite some time strongly indicating uptrend exhaustion.
Down trend is confirmed supported by RS below 40. Tesla is likely to break the close below the gap area i.e., close below 234.85.
To reverse the down trend a close above 273 is needed
Weekly Bearish Engulfing candle is strongly indicating a top and trend reversal. There is no RSI divergence however, but a trend and top and reversal can occur without it.
If Tesla is closing below 240.70 on the weekly chart medium-term uptrend has reversed. There could be a risk of a total collapse to around 208.