Turbulent Tesla

The share price of Tesla has more than tripled since the end of July and Tesla is now the world’s second most valuable automaker at $160 billion, behind Toyota at $200 billion. The only problem: it’s a consistent money loser. It has never made an annual profit, ever, and 19Q3 was only the fifth profitable quarter in its 16-year history. This rise is a textbook short squeeze and looks bubble-esque.

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