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.
https://www.tipranks.com/news/article/what-to-make-of-the-recent-drop-in-tesla-stock