Bloomberg: “Tesla Sends S&P 500 Crowd on a Wild Ride of Surges and Crashes”By admin_45 in IN THE NEWS
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!