this post was submitted on 23 Aug 2023
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To put this in perspective, Tesla's stock price has still more than doubled since the beginning of the year. They're doing just fine.
The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.
How about since their ATH?
Oh... It's at a 43% bargain.
52 weeks high? Yep, still a bargain!
Nah, they're not doing fine.
Anyone who actually follows the market knows it doesn’t follow logic and doesn’t actually represent the health of the company or the economy.
Apparently not since the big investors are getting out/reducing investment.