Tesla Inc. $TSLA has been in a consolidation price range for over a year, but this range is now becoming a price top.TSLA Daily Chart(click to enlarge)Bears in Charge:- In late 2018, price was in a rally that failed to reach the previous highs above $380. It came close but was followed by a sharp retreat.- Throughout 2019 so far, price has been in bearish mode. The RSI has held under 60, which reflects maintenance of the bearish momentum, although it was "weak" bearish momentum on the basis that the RSI did NOT fall below 30. - Well, now the RSI IS falling below 30, which shows oversold condition, but can also be a sign that bears are in charge.- In this case, with price also breaking some key support factors, I think its more likely that the market is turning bearish after more a year of sideways action.Bearish Target:- The weekly chart shows the bearish breakout more clearly. - Price broke below a rising trendline, a flat support,l and the 200-week simple moving average (SMA), all in this past week.- This should open up the $200 psychological level, as well as the $177.70-$180 area, which is another common support. - I would limit my bearish outlook for now to this $177.70-$180 area. - Furthermore, if there is a rebound, I would start looking for resistance in the $250-$260 area. If the market indeed treats this area as resistance, we can be more confident of bearish correction scenario. TSLA Weekly Chart(click to enlarge)