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Tesla's latest decline could be one for the history books - $795 billion since Dec 17 or 53.7 percent
(www.businessinsider.com)
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In trading we refer to tesla as a meme stock, or better, as shit beta. I have a theory a number of big interday players moved into memes when they started getting bigger, because the poor liquidity of the plays cause the market…. Because the people who sell the stock had to keep buying more stock to make the options they sold safer.
Tesla is up and down because it makes people money.