CNBC: “The ‘Tesla top’? What Musk’s latest gambit could be saying about the market”By admin_45 in IN THE NEWS
Excerpt from Jeff Cox's latest article for CNBC quoting DataTrek co-founder Nick Colas" .... "Elon Musk's stunning announcement that he is looking to take his pioneering car company private could have darker implications for the broader market.... ....However, if there is a legitimate buyer or buyers out there, such a move would raise the specter of what one analyst calls a "Tesla top": a pinnacle in business risk-taking that signals a tipping point for corporate America. "While we are not superstitious by nature, we do fear this transaction looks an awful lot like other deals done at the peak of prior cycles," Nick Colas, co-founder of DataTrek Research, wrote in his daily note sent out Thursday. He compared the potential Tesla move to......" Read the whole article here on CNBC!