Tesla's profit dropped by 71% amidst a backlash against Elon Musk. The stock price dropped about 50%.
I wish I could be gleeful about that but the stock has always been volatile and it is still 50% higher than two years ago. Unless we see another 50% drop soon, the price action in Tesla is not unusual. Actually, given the market environment and the size of the backlash, the stock is remarkably stable. Unfortunately.
Also, the stock just jumped 10% as Musk promised to spend MORE time at Tesla. A lot of investors still appear to trust Musk to lead Tesla to success. I hope they're wrong but this is what the market tells us right now.