Tesla will sink in short to medium term. This will take away Musk's focus from his business and such move will risk increasing potential regulatory oversight on Musk's businesses. Elon should quit politics now!
Buy the dip. China is yet to unveil other fiscalnpolicy measures and this will provide tailwind to the market. As of now, the valuation is still at mean level, it means that there is a room to grow further with more stimulus ahead.