Bloomberg: "Tesla Sends S&P 500 Crowd on a Wild Ride of Surges and Crashes"

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Bloomberg: "Tesla Sends S&P 500 Crowd on a Wild Ride of Surges and Crashes"

Excerpt from Bloomberg quoting DataTrek co-founder Nick Colas:

…. “When companies get bigger, we tend to think of volatility as declining, since bigger means more stable. But that hasn’t happened with Tesla,” said Nicholas Colas, co-founder of DataTrek Research, who compared the company’s gyrations to those of Bitcoin. “Tesla, Bitcoin – they are still call options on a given future” that has yet to arrive, contributing to fluctuations”….

Read the full article here on Bloomberg!