Tesla Shares Under PressureFollowing a strong start to the year, Tesla shares have run into something of a barrier recently with price reversing from the 207.71 level to trade back down to their lowest levels in over a month. Recent strength in USD, reflecting the market’s more hawkish Fed outlook, has seen tech shares coming under pressure, with Tesla chief among those. However, Tesla is also suffering from idiosyncratic issues linked to negative headlines around CEO Elon Musk.Musk Comes Under Fire (Again!)Musk came under heavy criticism this week after comments he made surrounding the firing of a Twitter employee went viral. Musk eventually went on to apologise to the former Twitter employee in question after speculating on the sincerity of his disability claim. The incident provoked widespread backlash on-line and clearly perturbed Tesla investors, serving as a fresh example of Musk being distracted by issues outside of his work at Tesla.Positive Outlook Despite the pullback, Tesla shares still have a strong outlook for the year ahead on the back of a record set of profits for the company in Q4. With the US economy holding up well, looking like a recession might be avoided altogether, and with the Chinese recovery well underway, Tesla looks poised to make further gains this year.Technical ViewsTeslaThe rally in Tesla shares has stalled for now into a test of the 207.71 level with price subsequently reversing lower. However, while above the 170.22 level, the focus is on a further move higher with an eventual breakout towards 255.61 the preferred play. To the downside, should we slip back below the 170.22 level, 108.24 is the big support level to watch.
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