The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
Is this the black-swan event people have been predicting for years?
OK, let’s look at the Tesla magic briefly.
Shares, which at peak-hype spiked 1,200% in a month, go to zero. Board of Directors goes to zero. Executives go to zero. Sales already zero.
Another money-losing, cash-burning, over-hyped unicorn in a ho-hum low-tech business (bedding retailer) tries to make it out the IPO window.
Tesla’s Stock Makes it the Second Most Valuable Automaker in the World. But How About its Size?
Shares plunged 20% on the spot, and are down 44% in nine months.
Its debt surged to fund the share buybacks. And truckers ate its lunch. But don’t tell any of this to the “market.”
Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged.
Brick & Mortar melts down on mall owners. So “repurpose” malls into housing?