What to Do When They Say "Buy the Dip" But Stocks Just Keep Dipping
On Sept. 1, 2020, Tesla (NASDAQ: TSLA) shocked the market.
Capitalizing on a stock rally that had driven Tesla shares up nearly six times in price since the start of the year, CEO Elon Musk had decided to cash in and grab some extra liquidity to finance the future development of new Tesla models, and more powerful car batteries to run them, by selling $5 billion worth of Tesla shares. Tesla shares promptly plunged, falling 34% over the course of the following week.
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Source Fool.com
