Tesla, Now And Then

Cars Parked In Front Of Company Building

Image Source: Pexels

Back in 2020 and 2021, Tesla set the world ablaze. The stock went up hundreds and hundreds of percent, making Elon the richest man on the planet, and the entire stock market fell in love with the man.

These days? Not so much. TSLA is worth about HALF what it was twenty-six months ago. How does that compare to, let’s say, another Mag-7 stock like Nvidia (NVDA)? The chart below shows you how they’ve both done since November 2021. They sort of both follow the overall market up and down in the same direction, but the spread has been getting huge, as NVDA is up massively where TSLA is, as I said, about half its former glory.

If I may offer the analog below, one might be concerned about what’s next. I could write a LOT (and I mean a LOT) about what I know about the goings-on there, but it wouldn’t be appropriate. Not now, at least. Maybe a later time.