I disagree. IMO when they start producing the MX in quantity and if they hit guidance and when TE starts making a substantial contribution, and they get the capital they need I think we could see a new high.
OTOH if they continue to have production problems and don't have a good cash flows it will probably get ugly.
I agree with Mitch's view. The biggest problem facing TSLA right now is lack of credibility on execution. Show the numbers for a quarter or two, the stock will blow past ATH. Just mere verbal assurances that X is on track or it is finally fixed up won't buy much. Because they misused verbal credibility over last few quarters over X. Same with run-rates. It has to be actual deliveries, with real $s, then it's undeniable.