I kept buying while the stock slid. On 16 April 2019 at US$268.00, then again on 8 May at US$247.06. Autonomy Day on 22 April was supposed to help the market see robotaxis and Full Self-Driving as a real path. Instead the tape kept heading toward the mid-2019 lows. I was not trading the keynote. I was adding to a position I still thought was underpriced, the same way I had started in January and topped up in March.
The FUD was loud again: cash burn, demand scares, Autopilot headlines framed the worst way. I kept checking the same sources that had got me through the first buy: Tesla Daily, Solving the Money Problem, HyperChange, Ride the Lightning. On the manufacturing side I was watching Sandy Munro's arc with interest, from early Model 3 teardown criticism of fit and finish toward respect for the engineering and electronics. Autoline, which I had watched for years, was a useful bridge the other way as industry voices slowly turned less reflexively bearish. Between Munro Live and Autoline you can also track the parade of "Tesla killers" that arrive as marketing, then partnerships, then quiet downsizing. Most of them still look like vapour to me.
Underpriced had become a habit for me by then, not a slogan for comfortable days. The dip was uncomfortable. The buys were deliberate. January started the position. March topped it up after the showroom visit and the Model Y reveal. April and May were the test of whether I actually meant it when the chart was ugly. I meant it. If the first buy was the decision, these mid-year adds were the confirmation that I would keep acting on it when the chart disagreed.