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Tesla: How would you deal with the tanking stock price?
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$Tesla (TSLA.US)$ shares sank 8% to a new 52-week low on Tuesday, closing around $138 per share. Its stock price has down more than 65% YTD. Show More
$Tesla (TSLA.US)$ shares sank 8% to a new 52-week low on Tuesday, closing around $138 per share. Its stock price has down more than 65% YTD.
Some of the Tesla bulls believe that buying $Twitter (Delisted) (TWTR.US)$ distracted Musk from problems that should be focused on. However, CEO Elon Musk tried to blame the sinking price partly on macroeconomic factors.
Some investors argue that falling price make stocks more appealing. Others are convinced that catching a falling knife is extremely risky.
What about you?
Do you think Elon Musk will be able to win back investors' confidence?
Or the downward trend will be unstoppable?
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