There is an expression called “catching a falling knife.” Some folks look at this and say this is a once in a generation opportunity to get Tesla when it is cheap. But Tesla P/E is 34, which is a tech company/growth company P/E, and Toyota is 11, which is more like a car company P/E. So you have to decide, is Tesla a tech company with a moat around its EV intellectual property, or is it a car company trying to sell EVs against a lot of other car companies, and will EVs basically become commoditized and the Tesla brand won’t be remarkably special. If it is the latter, then the knife may have a ways to fall, and Tesla may not be the buying opportunity that some think. This is when money managers earn their money, by answering this question.