On the left chart you can see the early trading days of $TSLA 👆
At IPO, Tesla’s share price was $17, which is equivalent to about $1.13 today (adjusted for two stock splits). Trading actually opened at $19 ($1.27 adjusted).
The high on day two reached $30.45 ($2.03 adjusted), representing an ~80% gain 📈 from the IPO price.
➡️ In the following days, Tesla shares then dropped roughly 50% from their highs.
The current structure in SpaceX looks quite similar. During its third trading day, $...