Black Monday for US Stocks – Tesla Wiped Out SGD 173B!

Wah, last night US stock market jitao got wrecked. Recession fears kicking in hard, and investors all panic-selling. Here’s how bad it was at closing:

Dow: -2.08% (-900 pts)

Nasdaq: -4% (-727.9 pts)

S&P 500: -2.7% (-155.6 pts)

Tech stocks all kena whack jialat jialat:

Tesla -15% (Market cap gone liao, SGD 173B evaporated overnight)

Nvidia -5.07%

Apple -4.85%

Google A -4.49%

Meta -4.42%

Microsoft -3.34%

Amazon -2.36%

Tesla lagi worst. Stock price now half of ATH, and last quarter sales dropped for the first time in 10 years. Now losing ground to China EVs, Europe market also not looking good. US sales drop four months straight somemore, plus got people protesting outside Tesla stores in the US. Some say it's linked to Musk siding with Trump on budget cuts. Wah lau, really a PR nightmare sia.

The whole market damn unstable now. Tariffs, inflation, Fed rate cuts—uncertainty everywhere. Nasdaq already down 10% from recent highs, S&P500 also down 6%. So the question is… does this mean Tesla is undervalued now? Or is there more pain coming?

Are cybertruck sales going to pick up? I know it sold well with all the backlogged demand, does it seem like that will continue?

Roadster coming soon? Feels like forever leh.

Is Tesla’s crazy 110x P/E ratio actually sustainable?

Some people say Tesla stock doesn’t care about fundamentals. But honestly, where’s the growth going to come from this year? If you zoom out—1 week, 1 month, 6 months—it all looks damn bad. Anyone still holding, or are you guys all out already?

But it's not all doom and gloom.If you're holding inverse ETFs, you're probably smiling now. When the market tanks, inverse ETFs can actually be a solid play. Stuff like TSLQ and SQQQ could be useful for hedging against the downside. Anyone here holding any inverse ETFs to ride the dip?