FT: "Tesla’s benchmark heft hurts growth-focused managers as shares soar"

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FT: "Tesla’s benchmark heft hurts growth-focused managers as shares soar"

Excerpt from the Financial Times quoting DataTrek co-founder Nick Colas:

…. “Nick Colas, co-founder of DataTrek, warned that Tesla, like the cryptocurrency Bitcoin, was likely to continue to “march to their own frenetic drummer” for the foreseeable future. “The only reason they are trillion-dollar assets is because they have a 10 per cent chance of being a $10tn asset one day,” he wrote in a note. “Every tweak to that probability calculation still means outsized value creation or destruction . . . Volatility is the natural result, and it will not fade quickly”….

Read the full article here on the FT!