What happens when we evaluate "How Far Down Could We Go?" as a way to quantify my appetite for pain...
Very simply, taking prior highs was support (which we bounced off of on the way up before breaking higher), we can see that some possible support areas for TSLA are:
17%, 42%, 67% down from where we are at today.
Looking at a ~10x PS ratio and a 70X PE ratio today, all scenarios are feasible to get us to "normal PS or PE" values for a tech company. AAPL has a PS of ~7 and a PE of 25.
Very simply, taking prior highs was support (which we bounced off of on the way up before breaking higher), we can see that some possible support areas for TSLA are:
17%, 42%, 67% down from where we are at today.
Looking at a ~10x PS ratio and a 70X PE ratio today, all scenarios are feasible to get us to "normal PS or PE" values for a tech company. AAPL has a PS of ~7 and a PE of 25.