Yesterday's movement was not that huge. That is why there are not many happy faces and sad faces. The last major down movement was about 2 years ago. In the trading houses, thousands of day traders were jumping for joy at the end of the trading session. 13 Sept 2022 - NQ down 6.7% 24 Jul 2024 - NQ down 3.6% only
Mag 7 had a combined market cap of over $15 Trillion. The Russell 2000 is worth less than $4 Trillion combined (EDIT: its currently worth $3T) If the Mag 7 lost $700 billion just yesterday, it didn't go into the Russell yesterday as the Russell was also down yesterday. It looks like the Mag 7 have lost around $2T since the peak earlier this month. While the Russell added $350 billion during the same time.
Where are you getting that $350B from though? As in a link? I'm not doubting you, I'd just like to bookmark where you got that from.
Boeing had a number of 50% drawdowns over decades and still turned in a terrific return. If you believe in Tesla and have a 30 year+ horizon, now is an excellent buying opportunity.
350 was some quick mental maths. Each Russell point is worth about $1.35 billion. I got that from historic data sources using google. The russell ran up 250 points in the most recent run, so about $337B was added. Although it gave back some of that yesterday when it sold off almost 50 points.
30+ years , we all want the next NVDA that runs up 10x in one year (or the 10x TSLA did the 12 months after covid hit )
So you are counting on robo taxis and robots to be the driver of tesla in the next 30 yrs?? I believe he stated that every one will have one of those humanoid robots that are selling for what $20k ? And did he say he was going to sell billions of these humanoid robots?? Hmmm yep.