If $TSLA holds the $240 level today, it'll still be underperforming the S&P by 20% and Nasdaq by 26%.
Imagine the most innovative, real world AI company underperforming the likes of Colgate and Royal Caribbean, in the age of AI
Market algorithms are trained on historical correlations, and the catch up / convergence of Tesla stock with the indices back in '19, '20, '21 and '23 are most definitely within their data set. They'll react & trade a lot quicker than 'human fund managers'. The velocity of moves driven by the derivatives market has just begun...
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Next event to watch is 8 Aug