Buying Tesla after big stock market losses has paid off in the past
In the last two days, Tesla shares have fallen 15.3 percent; a two-day loss of 15 percent or more has only occurred six times since its IPO in 2010.
When averaged out a week later, it has returned 3.96 percent, trading positively about 67 percent of the time, according to an analysis using Kensho.
In the month-later period, the average return goes up to 19.25 percent, trading positively 83 percent of the time, according to Kensho.
But in the past, the stock was able to rebound after big equity declines.
https://www.cnbc.com/2018/03/29/buy...k-market-losses-has-paid-off-in-the-past.html
"It isn't about knowledge, its about how to use knowledge." - Alvin Toffler.( Future Shock)
Musk is gambling a little... he has to meet bond payments in the not too distant future, and this is his way of creating some money flow to deal with that. I bet just the "navigation for robots", and the "production of robots with robots" and the 'battery developements" type things will put him in the black.
