Welcome Avatar! As many of you know, every single investment, business idea and performance jump comes in huge waves. You have to survive the period of nothingness to get the step function later on. Tesla is no different since Elon has low time preference. He builds for the future and is happy to deal with angry investor emails for years before his vision is completed. The below stock chart is used to show he’s a “failure” since people do not have the patience, tenacity or will power to wait through the boring.
Despite being one of the most recognized Entrepreneurs in our lifetime (along with Jensen, Zuck, Bezos, Jobs and Gates), any period where Tesla is doing worse than the S&P 500 is considered an utter failure. To us, we view these periods as amazing, you can accumulate while everyone else ignores the asset.