Tesla stock declined 30% last week — that's proof that the company's legendary volatility isn't going anywhere, but it is a lot more expensive
Investors who have recognized when a share-price decline is overdone have bought on big dips and enjoyed fantastic returns.
Meanwhile, the latecomers are betting on a future in which Tesla manages to vindicate a market capitalization that adds up to four General Motors. Other investors realized that idle chatter about Tesla headed for bankruptcy — hedge-funder and short-seller Jim Chanos infamously declared the company "structurally unprofitable" in 2017 — was equally misguided and wagered against Chapter 11. Ka-ching for them!
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