I've been a heavy bull on Tesla since $200 (pre-split) Let's talk about Tesla for a while, but I'll save you the details on the company, the product and all that jazz. Let's talk about the stock price. - Faith in Musk & Co to achieve Tesla goals. I'm a Tesla Bull because of the maximum potential Tesla can go. They are nowhere near, so there are no financials, no revenue numbers on their Cybertruck, their Insurance expansion, their new batteries or their possible side businesses. All thats left is to trust in Musk to achieve that, and make sure that if he fails to do so, you are not impacted. - Understanding of the cult like nature of the stock Tesla's shareholders are like a cult. There are the super long term investors, fighting wtih the long term shorts. The increase of this group over the shorts caused the large and consistent spike in prices, as long term buying demand increased over long term selling demand. If the situation ever flips, Tesla suffers headwinds on a long term scale, the reverse might happen and the price will stay depressed longer. - The short term price speculations The current buying opportunity your looking at, is due to short term speculators running for the door when the Battery Day didnt announce anything revolutionary. This might turn into a long term downtrend (read before) or a short dip before a recovery (if speculators flood back in). Which group do you belong to? If you are a short term speculator, going in now for the chnance that it will spike is not a bad idea. if you believe in the long term potential + Musk and Co., making use of this chance is not bad too. Disclaimer, I am vested, heavily. I wont lie to tell you that I was disappointed and shocked by the price fall. I will be attempting to buy more if I can.