In our ChOTD of Tesla Motors $TSLA on March 28, we highlighted the 1st major Fibonacci retracement cluster of support around 206-209. It held that area for a few weeks but it now definitively lower. The next Fibonacci support cluster is around 174, which marks a perfect confluence of the 38.2% retracement ot the post-2012 rally and the 61.8% retracement of its post-November rally.