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Comment by midasuni | Hacker News Reader

This is dated Fri sep 1st where TsLA closed at 245. The previous Friday, 25th aug, it closed at 238

I’m not sue what “tumble” means in this instance

Sure Tesla isn’t at the heights of a couple of years ago, but neither is the S&P in general. Given that at the start of 2020 TsLa was about $30 and it’s now about 8 times higher, a “tumble” would be back down well below 10.

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Headline writers are incapable of simply presenting facts anymore. Stocks don't go up or down a couple of percentage points, the "rocket" or "tumble." Judges don't issue rulings, they "excoriate" one side with a "blistering opinion." Movies don't underperform they're "huge, embarrassing bombs."

This is just one more area where social media and a click-based economy have made things demonstrably worse.

Except that the previous day, August 31st, TSLA was up to 257.96

So... that's a tumble.

And it is up 2% for the week, but down 3% for the month, and up 22% for the last 6 months.

Tesla is a volatile stock, in part because it is quite speculative.

Investing in the technology leader blunts the speculative aspect. And the volatility is caused by panicky, inexperienced investors jumping in and out at the margins.

It is a theory that Tesla will dominate all profits in the EV industry similar to Apple in the smartphone market. It isn’t a sure thing, it is a theory.

Being a true believe is a faith based endeavor. It isn’t clear at this point it is right.

I guess that’s crucial when you invest in derivatives. ;)

Having rocketed through the week?

Just think of Tesla as Apple. The legacy automakers have soured the auto investment space. But Tesla is a general, diversified technology company.

Given what joke carplay is I wouldn’t even compare to Apple

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