$Tesla(TSLA.US)$ what a drop! em selling his shares? hohoho

I mean, 2 years ago, everything's different. You don't have COVID, you don't have lockdowns all over the world. For me, I would definitely travel more and party more often.
BUT!!!! I would never forget the stock market. Back then, there are also no such thing as meme stocks. Nobody seems to care about $AMC Entertainment(AMC.US)$, $GameStop(GME.US)$ and $Cameco(CCJ.US)$. Moreover, big tech stocks are so much cheaper 2 years ago than they are now!
Thus, I guess I would yolo meme stocks and ask my parents to buy FAAMG.
$Apple(AAPL.US)$ $Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$

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$Tesla(TSLA.US)$ why is tsla dropping more than Nio today?

Chinese EV maker NIO announced second-quarter results, let’s take a quick overview.
$NIO Inc(NIO.US)$reported asecond-quarter lossof$52 million, or a loss of3 cents per share, on a non-GAAP basis. This compares to the year-ago loss of 18 cents per share and the consensus loss estimate of 11 cents per share.
Revenuescame in at$1.3084 billion,up 127.2%from the year-ago's $550.47 million and exceeding the consensus estimate of $1.298 billion. The company had previously guided to second-quarter revenues of $1.243 billion to $1.298 billion.
Vehicle salesaccounted for$1.2254 billionor 93.7% of the total revenues.
In the first quarter, the manufacturer of premium EVs reported a narrower loss of 4 cents per share on revenues of $1.22 billion.
Second-quarter vehicle marginwas at20.3%compared to 21.2% in the first quarter. A year-ago, vehicle margin was at 9.7%.
Nio ended the second quarter with a cash balance of $7.5 billion compared to the $7.3 billion at the end of the first quarter.
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