Tesla’s Terrific Tumble

Published 01/17/2020, 01:28 AM
Updated 07/09/2023, 06:31 AM
TSLA
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I wanted to do it. I really did. But I was too scared.

I’m referring to Tesla (NASDAQ:TSLA), of course. In fact, for those of you who watch me on TastyTrade, I said during my show yesterday, “Someone out there is going to make a fortune with Tesla puts. It ain’t gonna be me!” Seeing a stock go up 200% in six months is just a little too nerve-wracking.

And yet here we are:

Tesla Inc Chart

A drop of nearly 10% in a matter of hours.

It’s refreshing, it truly is, to see a few molecules of reality creep back into this absolutely stark-raving-mad, makes-1999-look-sensible “market” of ours. Congrats to anyone out there who had the balls.

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