Krugerrand
Meow
First, oh yeah. We saw some wicked SP moves in the early days. Brexit literally cut TSLA in half in a couple days. The SP then managed to recovery fully within a week or so.Honestly, one of the challenges here on this forum is you have a mix of folks who were in during the "is Tesla gonna even make it (with single digit stock prices" days and the "I went all in at $380" days. For the record, I'm in the latter camp...ouch. One could easily argue those in the former camp had a MUCH greater chance of watching their investment go to zero, BUT for the same total dollar amount of investment their possible ROI is waaaaaay higher. Indeed, they are already up so far, the current moves seem almost irrelevant. Those of us in the latter camp dream of simply getting back to "even" and the "hyped" future numbers might get to 5 or 10x of the current price. The 100x days are over so our ROI is simply a lot more modest. Indeed, there are likely any number of stronger bets going back 3 years until now. Of course, hindsight is 20/20 and if we had all known what those were, we might have picked those plays.
I'm not sure if, back in the early days Tesla ever had a multi-year 70% drop (at peak), but that's what us later investors have endured (into negative returns). Our risk of "it goes to zero" is almost zero too now, but it doesn't mean the current drop isn't discouraging and painful.
Is there a TSLA halving event I can look forward to (that isn't the stock price)!
Then there was the fiasco where the SP went from $900 ish to $600 ish in a few hours. Thanks to the WS crooks.
As long as you don’t need your investment money during this transition period for Tesla, you’ll be fine. Play dead and wait it out.