RIDEW - How Do Elon Musk's Share Sales Impact Tesla's Stock Outlook

• As of my writing this, Tesla's "Technoking" (Elon Musk) is about halfway done with selling 10% of his Tesla stake. He's on pace to finish selling in a couple of weeks.
• The stock initially dove from over $1200 to ~$1000 when Musk began selling, but is now back up big in yet another wave of speculative buying.
• Tesla stock seems invincible, but Tesla and other electric car stocks display signs of a classic speculative bubble that started in late 2019 and is still expanding (TSLA up 20x+).
• Ahead for Tesla, expect more volatility in the short run and low (or negative) future returns due to the massive rise in price over the last 24 months.

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