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Tesla tumbles to its lowest level since January 2017 (TSLA) Tesla shares fell almost 5% on Monday morning to their lowest level since January 2017. A Wall Street strategist says technical damage has been done and that there is no real support for the $ 188 level. Tesla's stock traded at $ 229 Monday morning. See Tesla trade live. The bad news for the Tesla shareholders is getting worse. Strong sales Monday morning pushed stocks down 4.44% to $ 229 piece, their lowest level since January 2017. The inventory is on the right track for a fifth straight day of losses. A look at the chart showing the technical picture for Tesla is not a nice one. Shares in the electric car manufacturer dropped through key support at the $ 250 level late last month and have not been able to recover. According to Matt Maley, CEO and equity strategist at Miller Tabak, it appears that the pain will continue. He told Markets Insider via e-mail that the stock has " destroyed meaningfully during his 200 week moving average" for the first time in more than four years, adding that he does not see solid support "to You reach the end of 2016 decline of $ 188. " Tesla shares have been under pressure through 2019, but have pulled 22% since the company reported disappointing deliveries in the first quarter of April 3. Also, stock weighting was a major Q1 loss and a capital increase that underwhelmed some Wall Street analysts. Tesla is down 32% this year.