Stocks and volatility go together like peanut butter and jelly; it's just the cost of entering the arena. Even the market's biggest winners, like electric vehicle (EV) and technology company (NASDAQ: TSLA), aren't immune.
Over just the past three years, Tesla has hit a new high -- only to fall at least 25% three times, including a 75% drop that it's still recovering from. Warren Buffett's right-hand man, Charlie Munger, once said investors should expect mediocre results if they can't stomach the occasional 50% decline.
Tesla shares are still 36% off their former high but have rallied an impressive 112% so far this year. Is the stock on its way to reaching a new peak, or should investors stay away after seeing the share price double in a matter of months?
Source Fool.com