You know the old saw about how the Market can remain irrational longer than you can remain solvent? Well, ever wonder
how they know when you're about to go under? It's because they own all the data: they have retail's account balances, options positions, and expiry dates. They
know when you will break; IBB doesn't even ask you before they liquidate your shares (not even the courtesy of a margin call).
That wasn't the last thing. That was the Q3 2022 S&P 500 index rebalancing, when Tesla peaked at 2.5% of the Index. The main stream media will not talk about that, but I mentioned it here at the time. That was FORCED buying of a large number of shares that HAVE to be delivered (Index funds will NOT accept a non-delivery report instead of a share -- Shortzes HAD to cover, and lo and behold! the SP went up for 13 straight days. Then, straight back to shenanigans ('cuz they can -- see the parable of the Frog and the Scorpion).
Those who HODL will be richly rewarded -- this PHASE is all about shaking loose as many shares as possible from Retail, and transferring them ON THE CHEAP to institutions and investment banks (who backed the wrong horse 5 years ago, and now scramble to recover).
That's what el Gordo's $145 b.s. is about -- not about value of the company, or prospects for future earnings. It's about shortzes getting their money back. FUD = THUD.
TL;dr Don't play options, avoid leverage, and then the chaotic swings of that hinged pendulum called the "Options Market" can't throw you off of what is clearly a winning ride: (TSLA)