We need to talk about Tesla. The stock is in a 55% drawdown since the spring vs minus 12% for the S&P 500.

Tesla has lost $654.9 billion in market cap since April 4th, the day Elon Musk revealed his stake in Twitter.

How big is a decline of $654 billion?

It’s bigger than every single publicly traded company in America other than the top 5.

We are living in truly remarkable times.

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