Hartnett Lars (Social Worker)

As a Tesla investor, that October dip was stressful but understandable. The main triggers were:- Production issues at the new Austin factory affecting Model Y deliveries- Increased discounting in China suggesting demand challenges- Battery supply constraints limiting production growth- General market rotation out of growth stocksMusk's net worth is so tied to Tesla that any Tesla-specific news has massive impact. The 12% decline in Tesla stock during that period translated to about $35 billion loss for Musk personally. He also sold some shares around that time to fund xAI expansion, which contributed to the decline. The good news is that it was temporary - Tesla addressed the production bottlenecks and demand concerns proved overblown. By November, he was back above $500 billion and the dip looked like a buying opportunity in hindsight.