Weekend June 5, 2022
In a bear market all news becomes bearish. After all TGT and WMT are still making lots of money. but note the weak dead cat bounce.
Tesla is the lastest former strong stock to get hit.
It took a mere seven months to wipe out 40% of the Nobmer peak at 1,200. but at this price TSLA still has an insane mkt cap of $728 billion.
Toyota for example is worth $228 B. Far greater loss can and will occur, consider the lifetime price history of this upstart.
TSLA started from nothing
so there is ample room for far more decline. Here is a totally different look, the log scale shows price moves in constant percentage.
Here one can see the correction is in early stages.
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