TSLA and NVDA, a tale of two charts
The Mag 7 darling of 2024 is still NVDA, but since around election day, TSLA has returned roughly 100% in a month's time. My TSLQ position has been battered but I am buying new shares at a much lower price to average my cost basis. I acknowledge there is some competitive advantage to being Trump's new best friend (for the time being), but a 100% increase in a month is just ridiculous, and any advantage has been priced in and then some. Take a look at these images.
1-year chart of TSLA, NVDA, SPY, QQQ:
6-mo chart of TSLA, NVDA, SPY, QQQ: