Tan Kin Lian - Investment Journey Tesla - erratic price movements
The Tesla stock went through an erratic price movement over the past two days. 

On 4 Dec 2023, it started at $235 and went up 4.2% to a high of $245. It dropped to close at $238. 

On 5 Dec 2023, it started at $238 and went up 3.3% to a high of $246. It dropped to close at $239.

On both days, it went up 4% during the first few hours and gave up the gains later in the day. 

What is happening?

There is the fear that Elon Musk may have to sell the Tesla stock to get funds to inject into X (Twitter) which has suffered a significant loss in advertising revenue due to a recent controversy over Musk's perceived antisemitism comment. The launch of the Cybertruck received a mixed review.  


I have nearly all of my Tesla stock and will wait for a right time to reinvest in the stock, possibly at a lower level of $200.

Tan Kin Lian 

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