Tesla’s surging stock is starting to remind Wall Street of bitcoin’s parabolic rally in 2017. Here’s why

Posted on AllSides February 4th, 2020
From The Center

Tesla Inc. is on a tear. Not just any ordinary tear for shares of a popular company whizzing to records on Wall Street. The ascent for shares of the electric-vehicle maker are near-parabolic and the unabashed run-up in recent days has some investors comparing the jump to bitcoin’s surge back in 2017.

To put things in perspective, Tesla’s shares TSLA, +13.73% have risen 36% to a record price around $887 in just the past two sessions alone. The Silicon Valley darling run by Elon Musk has jumped 180% in the...

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https://www.marketwatch.com/story/teslas-surging-stock-is-starting-to-remind-wall-street-of-bitcoins-parabolic-rally-in-2017-heres-why-2020-02-04

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