Tesla Trap

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I’m kind of getting my sea legs back, so I’m a bit slow with the posts this morning! Here’s a quick observation, though: Tesla, in spite of all the drama around it, has actually become a very boring stock. (Let’s just kindly assume the process of price discovery has reached roughly equilibrium). I wanted to point out that the price gaps, which I’ve tinted, have done a pretty good job of “bounding” the price action in recent days.