As you sit down with your coffee, you stare at your stock portfolio useful source. You own a small amount of Tesla stock and you are now wondering whether it is time to cash out. The decision is similar to the one of whether or not to eat your last pizza slice. It may be tempting but can lead you into trouble.

First, let’s discuss Elon Musk. It’s a fact that Elon Musk is a genius. He is as unpredictable and volatile as a stray cat on a hot roof. A single tweet can cause the stock to soar or plummet faster than one can say “Dogecoin.” Remember the time he smoked pot on Joe Rogan’s show? Tesla’s stock plummeted in value the following day. For those who get jittery when volatility is high, holding on to Tesla may feel like riding an roller coaster with no safety bar.

Tesla is not just any car manufacturer; it’s actually more like Apple in wheels. They aren’t selling cars. They’re selling a vision–a world where electric vehicles dominate the roads, and Mars colonization becomes attainable. You might be tempted to sell now if you truly believe in the vision.

Let’s talk about the real issue: money. It’s not necessarily a bad idea to remove some of the profit you made from Tesla stock if your gains have been significant. You can think of it as diversifying risk. It’s like not putting all your eggs into one basket, because baskets sometimes break.

Take a look at the competition. Rivals are catching on fast. Rivian Motors is also a major player in the electric car market. Although they may not yet have reached the level of infrastructure and fame that Tesla has, it’s worth keeping an eye out for them.

And what about those quarterly financial reports? Like report cards but more stressful. One bad quarter could send investors into a panic quicker than you say “sell.” If you don’t want to be playing Sherlock Holmes to decide if it is time to sell or buy based on quarterly earnings reports, locking in your profits could provide you with peace of mind.

The environmental impact of investing is a growing trend. Investors want their investments to reflect the values they hold. Clean energy is preferred over fossil fuels. If you feel this way, then holding onto Tesla might be more important than just the financial aspect. It could also be a moral decision.

Here’s anecdote: My buddy Mike bought Tesla stocks when they were dirt-cheap (okay, not dirt-cheap at all but pretty darn cheap). He sold his shares after doubling the investment, thinking he was on to a winner. But then they skyrocketed by tenfold. Every time we have a drink, he talks about it and regrets selling so soon.

What’s your level of risk tolerance? You don’t mind if you wake up the next morning and find that a random tweet has cut your investment in half overnight. You might prefer to rest easy knowing that your investment has been halved overnight by a random tweet.

You may also have FOMO (fear of missing out), that feeling that you will regret selling your stock in the future if it soars. Like leaving a party too early and then hearing everyone talk about the amazing time they had afterwards.

Last but not least, consider your long-term and short-term goals. Are you looking to gain quick results or do you believe in the future of renewable energy and electric vehicles? Your answer may tip the scales in your favor.

We’re not going to go into formal conclusions, but selling Tesla is similar to jumping off a train. It requires guts, timing and a clear understanding of your next steps.