LOST THOUSANDS in $TSLA today

[Scallywag]

In one day... POOF. This hurts. I know this is just a blip in the road and we're vested for the long term but I still cannot help feeling down / depressed over this crash.

How's everyone else - esp $TSLA holders - doing?

[Jluke]

I bought right around the post-split peak. $5k with a $1700 loss and still dropping. Roth account so no tax loss harvesting.

I’ll continue to watch the price (Train wreck) but this will be a long term hold for me and is a small portion of my invested money.

[rennigade]

If you didnt sell any shares, you didnt really lose anything yet. If anything, this could be a cheap teaching moment on the grand scheme of things.

And for all you know, tsla may skykrocket again. No one knows. Do not risk more than you're willing to lose.

[Singuy]

Welcome to tsla. Today looks to be a reversal. In the long run who cares. If you want to get off the rollercoaster, S&P inclusion post announcement will be that exit. This will happen one day, just don't know when.

My tsla portfolio was up +700k and then -600k this last 30 days. That's just how it goes.

[kork13]

Meh.... If you don't look, it can't bother you, and you can't make silly, emotional choices like "omg I'm gonna lose everything, gotta sell at all costs!" What happened in any given day, week, or month is small beans. Let it ride -- roller coasters are perfectly safe as long as you don't try to jump off part way through.

[riverwed070707]

Curious when you bought in? You say you lost thousands today but had you previously gained thousands or did you just buy at the top? It certainly isn't trading below where it was 3 or 6 or 12 months ago, just less than it was a week ago...

[Singuy]

I know many people bought after the split which is pretty close to the top. Guess people doesn't look at history in which stock split post weeks are all a loss. It usually takes 3-5 weeks to recover. Tesla however had s&p speculators so this will take awhile to recover.

[Scallywag]

Curious when you bought in? You say you lost thousands today but had you previously gained thousands or did you just buy at the top? It certainly isn't trading below where it was 3 or 6 or 12 months ago, just less than it was a week ago...

I DCA-ed in since Thanksgiving, so technically, I'm still in the green. The "loss" looks amplified as I gained a few hundred shares from the split and so the loss was multiplied by several thousands as well.

A large portion was in DD's Coverdell account and that is why I am so pissed. She's in high school and intends to go to community college first. I really want her to graduate debt free. Additionally, the plan was that anything left over after her graduation would be rolled over into her brother's ABLE account. I always get emotional when anything affects my son, and teared up to see a HUGE MONSTROUS RED NUMBER next to that account.

I think most of us are ok taking a hit to ourselves, but it just feels like someone punched the oxygen out of me when it happens to my kids.

[riverwed070707]

I DCA-ed in since Thanksgiving, so technically, I'm still in the green. The "loss" looks amplified as I gained a few hundred shares from the split and so the loss was multiplied by several thousands as well.

A large portion was in DD's Coverdell account and that is why I am so pissed. She's in high school and intends to go to community college first. I really want her to graduate debt free. Additionally, the plan was that anything left over after her graduation would be rolled over into her brother's ABLE account. I always get emotional when anything affects my son, and teared up to see a HUGE MONSTROUS RED NUMBER next to that account.

I think most of us are ok taking a hit to ourselves, but it just feels like someone punched the oxygen out of me when it happens to my kids.

Sounds like a volatile stock isn't where you should be housing those short term funds. You've made money and lost nothing. Thanksgiving last year to now you should still be up something like 80% over what you put in. The split doesn't make the loss greater... your share to value is the same as pre-split. Looking for short term gains in the stock market is quite literally gambling. If a bad day makes you emotional, I'd probably pull out now while you're still ahead and sock that money in something more stable.

[Singuy]

I DCA-ed in since Thanksgiving, so technically, I'm still in the green. The "loss" looks amplified as I gained a few hundred shares from the split and so the loss was multiplied by several thousands as well.

A large portion was in DD's Coverdell account and that is why I am so pissed. She's in high school and intends to go to community college first. I really want her to graduate debt free. Additionally, the plan was that anything left over after her graduation would be rolled over into her brother's ABLE account. I always get emotional when anything affects my son, and teared up to see a HUGE MONSTROUS RED NUMBER next to that account.

I think most of us are ok taking a hit to ourselves, but it just feels like someone punched the oxygen out of me when it happens to my kids.

Okay you should look for an exit and stay out of Tesla. You are gambling with your kids tuition money.

[LivingAlmostLarge]

Okay you should look for an exit and stay out of Tesla. You are gambling with your kids tuition money.

OMG this this this. Stop investing money. I had the same feeling back in April 28, 2020. I pulled $5100 out of VOO and put it in i-bonds for the kids 529. That's all their 529 had. I had just literally put in $6k in January 2020. I was stressed out and I put it back in July 2020 when I realized i was being stupid. But my kids are 8 and 10. And in the grand scheme this is a small portion of their balances. Each of the kiddos has about $30k in ESA Coverdell and $30k taxable. I also left those alone. I left them invested in voo and qqq. Very aggressive and probably why I pulled back on the 529. But I decided it's long term (10+ years) so I might as well leave them invested.

You need to get out of TSLA now. Sell it all and stop gambling with your kids money. I cannot emphasize it enough. I know I don't have the stomach anymore to gamble as aggressively as the past. So I am limiting myself to our taxable account 10% of our portfolio that I get to play with and have fun. The rest is properly invested in ETFs majority in VOO, VWR, and sector funds like tech QQQ, VBR, etc. Nothing spectacular. I own a lot of S and P index funds.

But yes I am playing with a good chunk of money but it's money I"m willing to lose. Do not play tesla.

[SavingBucks]

One of my brothers happened to call me about 2 weeks ago about some stock tip. I do not invest in single stocks. It turns out it was Tesla. Well, he says that he lost lots but still believes in the company and the man, so he is staying in.

[Scallywag]

This account will eventually be rolled over into an ABLE account for my son - and that gives it a long time horizon - although I do want to pull money out when DD hits her 3rd year of University. If and when it gets to the point where we've been wiped out due to $TSLA, we'll leave it in there and find another way to pay for her tuition.

I will probably look for an exit point and liquidate half my TSLA holdings. This stock is too volatile for the short term, but will likely pay off over the long haul (20+ years).

[Like2Plan]

Scallywag,
Your plan sounds more like a gaming strategy than an investment strategy. It is like you are betting on one outcome and your plan will be in serious trouble if you don't have that one outcome. And, when it comes to all the twists and turns of TSLA and Elon Musk--it does seem like betting one horse in a horse race. Could it pay off spectacularly? Sure. But, you are taking on a lot of risk in an account that should not be taking on huge risks where the result might be--one child either doesn't go to college (or goes to college, but does not graduate debt free) and the other child does not receive the care you were hoping to achieve with the supplemental ABLE account.

[Thrif-t]

I can't remember when exactly, it's been 2 or 3 years but I moved the kids 529 into a straight CD. I couldn't take it going down, even though we were in an age based allocation and 2 where in college, I switched. I'm fine not making any more money in that account, we have enough in them to pay what we planned. But I couldn't stand it going down. I understand how you feel and am sorry.