Allow some variation within the larger picture

Sometimes an asset’s price goes through digestion or consolidation.

Sometimes investors (if they like the asset or business) need to twiddle their thumbs.

For 5 years between 2014 and 2019, Tesla’s stock price tripled, then halved, then doubled, then halved again.

I’m sure that during this period may investors (or speculators) had their fair share of the heebie-jeebie’s.

Today, TSLA is trading at $368.

October 20, 2026