With EV charging, America is divided into two parts: Tesla’s network and everything else.
This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
Spent its entire life burning $13.8 billion of investor cash. Landlords got free manna from heaven and can’t complain. A good scheme while it lasted for everyone but investors.
Down 94% from the infamous February 2021. These kinds of goofball charts are stunning — and now totally common.
Obviously, this kind of idiocy should never happen in a healthy stock market. But it has happened a lot.
Instacart enters my pantheon of Imploded Stocks.
It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
Consensual Hallucination was so much fun while it lasted.
The SPAC boom will surely go down in history as one of the biggest stock-market heists ever, made possible by Consensual Hallucination.
“All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”