54 Tesla stock looks like the 2017 crypto bubble

Cover for Tesla stock looks like the 2017 crypto bubble

With Tesla (TSLA) stock just about touching $900 in the pre-market session of February 4th 2020, I can't help but notice similarities with 2017 cryptocurrency bubble.

In particular, the Tesla stock dynamics remind me of multi-shelf pump & dump pattern played out in altcoins, such as Cardano.

This multi-shelf pattern does not appear to be smooth exponential but rather a stepped increase in price, followed by steep blow-off top.

The stepped phase of Tesla stock pump has played out over much wider time axis, but the blow-off phase appears to be at least as steep if not steeper than Bitcoin and altcoin tops in late 2017.

For Cardano, the stratospheric rise gave way to somewhat slower deflation period with over 95% losses for the investors who bought at the peak.

tesla-stock-looks-like-2.png?550x800m

For TSLA buyers jumping in at this time, losses will likely be less dramatic and largely dependent on macroeconomics, specifically, the amount of central bank money printing and asset buying that will follow any natural market correction.

7m ago by FastestLaps
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benedekpuskas  1m ago

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SpeedKing  2m ago

So Tesla shares have cracked the $1000 mark. The madness continues unabated unfcukingbelievable...


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FastestLaps  3m ago

Let's see if we have a brand new human carrying orbital vehicle today. For the first time in 40 years.


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FreedaBees  5m ago

Please update the chart to reflect current prices. :-)

Definitely a crypto.




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FreedaBees  7m ago

Fingers will be burnt. The Saudis sold out, as did at least one analyst who was predicting $7K while selling their own holdings.


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Hans  7m ago

Idiots pump this shit becouse its trendy now.


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Cocobe  7m ago

$500 I get it... but putting together essentially 2 +20% days in a week, after a week that already went up 10%. This is just stupid. It makes sense to price a company 1-2 years from today. This price has priced it for like 10 years and that is IF the other car manufacturers don't take over. That being said, as of now, the likes of the Mercedes EQC, Audi Etron, and Ipace have been a joke in terms of ownership experience. Charging is difficult, range is limited, prices are higher, and none of them have the "look at me, I drive an EV" badge.
Car business has never been high margin like the current crop of tech companies. Apple gets $5 billion from google every year for just putting google as the default search engine on safari. That is 100% profit at zero cost. Cars on the other hand, are subject to warranties, recalls, sizable factories and shipping problems, liabilities. You'll never get the profits to justify a "$7000" target price by 2024.