helped send the stock to parabolic heights, similar to the type of trading in late-1990s tech stocks.
The stock closed 13.7% higher Tuesday at $887.06, after touching $968.99 in earlier trading. Baron said TeslaResearch firm Bespoke Investment Group said the stock's big gain is rivaling some of the largest bubbles in stock market history, including the tech dot-com bubble and housing-related shares in the run-up to the financial crisis.
"Tesla's bubble looks a lot bigger than biotech, homebuilders, or the aggregate Tech sector's bubble," wrote Bespoke analysts. "We don't know how high Tesla's shares will get, but with the company valued at a premium to the vast majority of the largest stocks on the planet, it's hard to take it seriously as something other than a combination of speculative excess and positioning.
Or bankruptcy from accounting fraud 🤷♀️
I don’t think so it is going to fail under this administration
Or not
how the fck by stocks? I see more honda's and Toyota's on the road
So excited. I really want Musk to be empowered so he can say zany shit on his twitter account more.
Tesla
Does he realize its a car maker?