Distilling the Tesla Hype – an Ephemeral Bubble or a Genuine Paradigm Shift?
One of the biggest finance stories of 2020 has been the spectacular rise of Tesla’s stock (NASDAQ:TSLA). Between the 30th of August 2019 and the 13th of February 2020, the stock rose by an astonishing 256 percent! Also, on the 4th of February, the EV giant’s share price registered an all-time intraday high of $961. With a market capitalization of $145.09 billion, Tesla is Wall Street’s undisputed darling at the moment.
However, as the hype around Tesla grew in recent months, so did skepticism. Today, I’ll attempt to establish whether this newfound effervescence is grounded in reality.