I mean it basically rose 300 dollar for no reason so i have to question the stability of it anyway.
If it drops 10% on not being included in the S&P what happens if there is actual bad news?
The question you have to ask, as an investor, is:
where is Tesla going long term?
If you are a day trader then yeah you shouldn't be in TSLA at all, it's too volatile.
If you are a long investor, then you need to look at Tesla the company, where it is, what it is doing, and where it is going.
I'm not selling a single share and if it dips big I'll likely just buy more, because long term I see TSLA going all the way to Mars (literally). They are just too far ahead of everyone else in EV's both in tech and production capacity, plus there is their growing energy segment, their declining cost curves / increasing margins, the possibility of autonomous driving in a few years, Tesla insurance, the likelihood of Tesla selling batteries and drivetrains to other EV companies. It's an exponentially growing multi-faceted green energy company at a time where the world desires exactly that.
Some people might feel Tesla is a "hype stock" but I don't understand that. To me it looks like an inevitable market leader and one of the future largest companies in the world. I've seen Apple at it's start, I've seen Amazon at the beginning, I watched Yahoo explode into something which changed the world. Tesla the company looks familiar to me: a disruptive well managed company executing brilliantly which is going to change the world. Companies like that aren't "hype" stocks, they are market leading stocks.
Time will tell I guess. I could be wrong, but I don't think I am.