What to Make of the Recent Drop in Tesla Stock?
American electric vehicle (EV) kingpin Tesla Inc. (TSLA) is the EV
option of choice for many investors. Maybe it’s the brand or the
emphatic CEO, but whatever the case, Tesla exemplifies the true
nature of a meme stock. A best friend of retail investors and
growth-oriented institutional funds, Tesla has been a high-flyer in
recent years. The astronomical five-year 750% aggregate return that
TSLA stock has given its investors is certainly admirable.
Investors who have held TSLA stock for any significant portion of
the past decade may indeed wish to continue doing so.