Tesla Melts Up

Bubble popping cartoonTesla, Inc. (TSLA:NASDAQ), as I noted in a comment a few days ago, then had market capitalisation (stock price times number of shares outstanding) more than three times that of Ford Motor Company (F:NYSE), despite Ford’s revenues being more than seven times those of Tesla and Ford’s FY 2018 earnings of US$ 3.7 billion being somewhat greater than Tesla’s loss of US$ 69 million for FY 2019.

What a difference a few days make!  There now appears to be a cataclysmic short squeeze and/or buying panic in Tesla stock.  Here is a ten minute chart for the last few days.... [Read More]

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