Tesla Inc. shares experienced a significant decline, dropping more than 6% on Thursday and trading at their lowest level since November 5, closing around $263.64. This marks the seventh consecutive weekly decline for the electric vehicle manufacturer, with the stock down approximately 32% year-to-date, making it the worst performer on the S&P 500. Amidst the downturn, Cathie Wood of Ark Invest expressed optimism about Tesla's future, predicting the launch of more affordable Tesla models, the introduction of robotaxis in Austin by June, and the advancement of Tesla's Full Self-Driving (FSD) technology to surpass human driving safety by the fourth quarter. Market reactions to Tesla's performance were mixed, with some investors and traders expressing bullish sentiments despite the stock's decline, while others noted significant losses in options trading, including a trader rolling down a position to open a new $52 million position in April 265 calls.