RATE Group | Tesla Stock Could Be One of the Biggest Bubbles in History After Bitcoin
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Tesla Stock Could Be One of the Biggest Bubbles in History After Bitcoin

08 Feb Tesla Stock Could Be One of the Biggest Bubbles in History After Bitcoin

Posted at 16:28h in Bitcoin News by

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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.

moonshot TSLA

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 pullback this week, TSLA is now up a massive 75% YTD.

We may be used to such dizzying percentage points in the crypto space but this type of…

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