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t1_j02zcso wrote

Maybe some correlation, but would make a stronger attempt at a point if you overlaid it with some relevant index fund to show that it's not just following larger market trends.

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t1_j03zmfy wrote

Here is one year of Tesla vs SP500

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t1_j04m8np wrote

Its benchmark would be NDX

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t1_j0577z8 wrote

But even the sp500 kind of shows it as exaggerating the market as a whole, all except the last bit there where it really tanks

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t1_j05di13 wrote

Here you go. Tesla, NDX and SP500

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t1_j05grp2 wrote

So just following the general market then

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t1_j05ivod wrote

What do you mean Tesla is down 80% more than the ndx this year.

So in the sense of both down then yes.

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t1_j05ikbp wrote

This reply needs more upvote. Too much reading the tea leaves going around and not enough big picture perspective.

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t1_j08g551 wrote

The last couple months are a pretty clear, and pretty dire, deviation from the market.

S&P is down 15% on the year. NDX is down 27%. TSLA is down 50%.

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t1_j069uwd wrote

It looks like its following market trend for all changes except those in recent weeks.

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t1_j031h1z wrote

Agreed. Came here to say same thing - OP should decorrelate it with respect to major indices first. Given the massive drop over the course of this year and based on what I'm seeing here, I'm guessing the result will be either underwhelming or maybe even demonstrate general growth

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