TESLA MOTOR CORP. STOCK SLUMP

The stock for Tesla Motor corp. is slumping and making side ways action following the announcement that they are to be utilizing Nvidia Titan chip sets for their autonomous vehicles. Upon examination of the stock trend it is obvious that the lows are getting higher and that this highs are getting lower which usually is indicative of a slump or side ways action. To reiterate the stock hit a low at 198.84 then a high of 199.96 then another low just above the previous at 199.13 and then a high just below the previous at 199.75 just before closing at 199.32. I have reason to believe that if you go long on this stock it will become bearish as it seems to have topped up. Lastly another announcement which could impact Tesla Motor corp. is the fact that insurers are taking a wait and see approach to autonomous vehicles rather than supporting it fully.