The stock is being punished because the company has previously expressed that becoming profitable was a priority. Recent turns of an event have indicated that this line of thinking has shiftly slightly away from profitability as a primary goal, instead leaning towards gaining market share.
While many believe the price will eventually find its way to new highs, others don’t want to wait that long and pulled out to put their money where they believe it will produce gains more quickly.
We can’t forget that while most on this board are in it for the long term, they are countless individuals and funds out there more interested in making gains short term and are willing to shift money around as needed to get there.
This best explanation I have seen for the recent price tumble, which is also logical from a market perspective. That said, as we always are reminded, the market can remain irrational longer than you can remain solvent…so averaging down over and over until a stock takes over your protfolio is never a good plan!