Does anyone have an intelligent guess about how Tesla stock would act in a mild recession?
Yes and no. We can rage about people being irrational, but people make up the market. In the short term, I know I'm not taking any cruises. I had planned to go to the Philippines and Korea in May, now that trip is on hold. Would have gone to Mexico with my kids next week, but that is off. Costco being down despite high sales is irrational, Carnival being down is not.This stock market action is delusional. people are absolutely out of their minds. This virus is nowhere even CLOSE to as dangerous as climate change, yet we continue to drive ICE cars, fly in planes domestically, eat too much meat and leas incredibly destructive lifestyles. But the moment someone wears a hazmat suit on a TV news report, everybody starts stabbing each other over toilet rolls. Its nuts. No wonder teslas stock price is hard to predict, most of the people trading it are idiots!
I'm just holding. I'll try not to look at my stock for the next week, and hope some adults show up to calm things down.