I owned 500 shares of Tesla previously and sold them on the way down. My last 200 shares were sold at $670 USD. 

I bought back 200 shares at $825. So, I made a loss of $31,000 on the repurchase of these 200 shares. Sad.

I intend to buy another 300 shares early next week before or after the Fed meeting.

Tesla's stock price reached a high of $1,145 on 4 April. It dropped over the past 3 months due to these factors:

a) Lockdown of factory in Shanghai.
b) Elon Musk offer to buy Twitter for $44 billion. He had to sell his Tesla stock to fund the purchase.
c) Tesla's investment of $1.5 billion in bitcoin which had dropped by over 50% recently.
d) The opening of the two new factories in Berlin and Texas, which were expected to incur high operating expenses initially.

All of these factors have now reversed. The Shanghai factory is now operating at full capacity. Elon Musk has decided to abandon the purchase of Twitter. Tesla sold off 75% of its holdings in bitcoin and incurred only a modest loss. The operating expenses for the two new factories were not as high as feared previously.

Following the good results announced for 2Q of 2022, the stock price jumped 10% from $740 to $815.  

There is another good news for Tesla that have not been reflected in the stock price. Tesla announced a stock split of 3 for 1. Usually a stock split will lead to a higher price. This has not been reflected yet. 

Taking these factors into account, there is a good chance that Tesla stock price will recover to $1,000 (pre-split), compared to $815 today. This is a potential gain of 22%. 

I would buy an additional 300 shares at the current price

Note - this is a personal opinion. It is not investment advice. 

Tan Kin Lian