Part 3/8:
Randy emphasized that stock market behavior is not always rational or predictable. He suggested that while Tesla itself holds potential for growth driven by FOMO surrounding its upcoming initiatives, the overall market must also exhibit a risk-on sentiment for that growth to materialize.
He believes that Tesla's price could rebound significantly if the broader market remains favorable. This risk-on dynamic would encourage investors to engage with high-risk stocks like Tesla, particularly as excitement builds around the company's forthcoming products, notably its RoboTaxi service.