You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%.
Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
OK, let’s look at the Tesla magic briefly.
Tesla’s Stock Makes it the Second Most Valuable Automaker in the World. But How About its Size?
This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.
The setup is just too juicy.
This is a holy-cow moment.
How cash-burn machines power the real economy, and what happens to the economy when investors refuse to have more of their cash burned.
Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality.