Can you stomach a 50% down day in TESLA stock?

 I did write here that TESLA stock will never go down. In the name of speculation!

What if a 50% down day is coming? Do you think that is possible? If coming, can you stomach that kind of a drawdown? Warren Buffet once said that if you cant sleep at night because a stock you hold is 50% down, you should not be owning that stock at all.

Of course that if you buy the stock at 2000$ stratospheric level, a 50% down is quite hard to sustain. But be prepared for it just in case...

In 10 trading days, the TESLA stock added 40% to its price. This is not that absurd, giving that in stupid bubbles like the one we're experiencing today we see those kind of advancements.

TESLA is approaching 400$ billions market capitalisation; its no surprise to you as we did talk about that here on the blog. Its the most expensive car manufacturer in the world selling very few cars compared to competition.

WSJ has an article on its unbelievable rise and concludes it has nothing to do with fundamentals.

Tesla’s stock has more than tripled since the start of the year, giving it a market capitalization larger than many behemoths of American industry. But its rise wasn’t necessarily driven by fundamentals. 

No shit!