As of today, Tesla's growth seems to be mostly hyped up, needs to be backed up by actual performance. Its current valuation is pretty high. Though in the short term, the overal bull sentiment will help its stock price go up albeit choppy moves, it needs to show real growth in terms of revenue & earnings for its huge fan base to keep on staying invested on Tesla or else, the sentiment can move in the other direction in a short notice. No wonder, it has always been a wild ride for its stock all the way. It would be wise to keep on booking profit whenever it gives such opportunities. Assuming $100 is the amount I am investing on it, I would use 2/3rd for this short/mid term profit booking strategy by playing along it's choppy moves & 1/3rd (not more) staying invested by buying the dip. The stock moves of Tesla gives everyone plenty of opportunities to profit from this strategy. Remain vigilant as always. (Strictly my opinion).