Many analysts are now comparing the ‘insane run’ of Tesla stock (NASDAQ: TSLA) to the ‘biggest bubbles’ in recent history–with the notable exception of Bitcoin.
Tesla Stock ‘Defying the Laws of Physics’, Bitcoin Says ‘Cute’
Tesla stock (TSLA) has started the year on a parabolic tear that’s leaving Wall Street catching its breath. Elon Musk’s electronic car company has risen from the near-ashes of bankruptcy to become the second most valuable auto company on earth.
It now has a valuation of $164 billion, placing it behind Toyota at $227 billion. Although some analysts are calling for a $1.3 trillion valuation in less than five years.
According to CNN Business, the massive run on Tesla stock “appears to be defying the laws of physics.” This is thanks to it more than quadrupling in price since June. Even with a slight…
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