Lol I don't think the stock drops anywhere near 30% from these levels and I don't think a 15% Nasdaq drop is in the cards either. If we can get a 5% drop in the Nasdaq, I actually think that will call the bottom for the Nasdaq. Otherwise I expect a continual cut by a 1,000 knives until the 11k area.
And I think as the Nasdaq drops rapidly, the multiple at which TSLA will trade to the Nasdaq will shrink. It's already gone down from like underperforming 8X the Nasdaq to 3X with the increase in the drop in the Nasdaq. If we could get a down 5% Nasdaq day, I think TSLA would limit it's fall to a 2.5X multiple.