 Good day fellow investors! Tesla is an extremely interesting stock and many are attracted by what Elon Musk has been doing and I must say I really admire his goals. However the stock has really been on a roller coaster where the fight is between the Tesla cult bulls and the shorts. However even Elon gives a hand to the bulls here and there and it's very interesting to follow that situation. But back to the stock price. I'll show you what has been going on and then a factor that will help you distinguish between the bull teases and the short teases and distinguish between fake news and real rational investing news. Something that you can hold on to as a rational indicator when looking at Tesla's stock price. The stock price usually goes up and down when new exciting projects are announced like the Tesla Semi. Then the stock goes down when sales reports come in. It goes up again when the road store is sent to space, goes down when there is a fatal crash and investigation, goes up on model free production expectation promises and then goes down again when that promise is reached but there are profitability concerns. So it's really a crazy stock. However we as investors we have to look at all of that from an investing perspective and today I want to share an important investment lesson about what to watch in such a crazy situation. Something that will give you a rational view on the company as there are so many cult followers on one side and shorts on the other side that you don't know what info to consider. As a disclaimer I have no position in Tesla, no interest at all, just want to share this investing lesson. I would love to see Tesla succeed as I come from the same country Tesla was born. So whenever you invest in a company it's essential to look at what the debt markets think. The key factor to watch are Tesla's bonds. Here is the chart of Tesla's latest bond that issued 1.8 billion in bonds in August 2017 with a yield back then of 5.3%. However the bond has lost 12.5% of its value since then. It was sold at 100, now it is trading at 87.50 around that. This means that bond holders, those who invest 1.8 billion not small shorts or students who buy Tesla stock, real investor have a little bit less faith in Tesla which means that the stock, the company is a little bit riskier and the reward is smaller. So if you want a rational perspective on the company just watch what the bond market, what the debt market is thinking and doing. This is what the big money thinks about Tesla. And this decline about Tesla is without a recession, without a hit to the company, without competition, without anything. So I would not be surprised to see this bond drop to 50 if we see a recession in the next year or two. So it's not just that you're betting on Tesla, you're also betting there will be no recession, no higher interest rate etc etc. Nevertheless always watch the bond with every stock that you own to see a little bit how the perception of risk is for professional investors with billions. Not the ones that have a few stocks here and there but that as a group can move the price up and down depending on sentiment. So to conclude if you want to know what to watch between the Tesla cult followers and the Tesla shorts just watch the bonds. Bondholders clearly explain the risk reward and give you a good picture about the stock, company, country, whatever. Always keep an eye on the things you own, on the bonds of the things you own. Thank you for watching. Please consider subscribing if you like the content. We do a lot of stock analysis. We do a lot of investment education in order to reach higher returns with lower risks. Thank you and I'll see you in the next video.