35 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.

2w ago by FastestLaps
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SpeedKing  4d ago

You'd have to be an idiot to trust autopilot. A competent skilled driver doesn't need nor want autopilot coz it's basically designed for shit clueless drivers. BTW Eeloon said that "Full Self-Driving Capability" for his cars would be functional before the end of 2017. More bullshit from the master of spin pfft


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dr. cosimo  4d ago @SpeedKing

quality seems top notch too as per ev fanboys, but i've never seen a car crash that got its arse bite off like tesla cars lol

 


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SpeedKing  4d ago @dr. cosimo

Wow that was a hard hit the Godzilla gave the Model X coz it was apparently doing 80+ mph. The Model X has got a 5 star crash-test rating so there are far more dangerous cars out there but you wouldn't want to be in the back seat.


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FastestLaps  4d ago @dr. cosimo

Whats more, the heavy internal combustion engine in front of GT-R probably saved the life of the GT-R driver (if he survived).


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SpeedKing  4d ago @FastestLaps

He's a dickhead you tuber that ran a red light and cleaned up the Tesla. Apparently he only had minor injuries.


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SpeedKing  4d ago @FastestLaps

Bloody edit function has disappeared again...


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dr. cosimo  4d ago @SpeedKing

looks like he's the reason why president trump is building a wall

 


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dr. cosimo  4d ago @dr. cosimo

poor gtr

 


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SpeedKing  4d ago @dr. cosimo

Oh it was the Tesla driver that walked away unscathed whereas the Brazilian idiot got hurt but he's ok now. No idea what he was on about in the vid coz my Portuguese is non-existent.


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FastestLaps  4d ago @SpeedKing

dickhead you tuber

There, we got our diagnosis.


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dr. cosimo  3d ago @FastestLaps

we're used to the bs lap times around here, but the timing of the posts are now off

must be that coronavirus is taking over russia and its surroundings


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SpeedKing  3d ago @dr. cosimo

What i don't get is the format layout for cars where the right hand column starts with braking distance, then in gear acceleration followed by general performance and then lastly powertrain details. Surely it would make more sense to completely reverse that order?


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FreedaBees  2w 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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FastestLaps  2w ago

Look at this guy Ron Baron. Live on CNBC for almost 40 minutes while the TSLA was going to the moon real-time. The guy was preaching hard. The most shocking were his claims that he is "not selling anything" and recommends to hold for those buying at this level.

I am 100% sure he called his guys right after he exited that studio and instructed to dump large part of his holdings.

That's how classic pump & dumps work. I bet those kids who survived the 2017 crypto altcoin craze are now the smart ones and feel the deja vu. And those of the kids who still hold Bitcoin will be the really smart ones, because it is the obvious best high alpha play right now. World needs electric cars but world needs sound money much more desperately.

 


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Hans  2w ago

Idiots pump this shit becouse its trendy now.

 

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dr. cosimo  2w ago

because generation z is taking over and they want to use their iphones and with a press of a button, your car shows up wherever you want it to be, it's the summon button

 

this will get interesting when a drunk driver gets in the way


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FastestLaps  2w ago @dr. cosimo

Generation Z is discovering the Robinhood app. That was the sole reason why Tesla went up 300%.

Can't think of anything else other than Tesla, iPhone Inc, Amazon Inc, maybe some weed stock and some more buzzwords and voila - you have your Gen Z portfolio, powered by social media groputhink swarm intelligence.

Yesterday Twitter reported better than expected results. Guess what happened? Our Gen Z livestock rushed in and you got +15%.

Some say that financial markets are dominated by bots buying and selling automatically based on headlines. I think they are underestimating our new generation of retail investors who are being the real bots, without actually being bots.


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SpeedKing  2w ago @FastestLaps

Hmm the future is in good hands :p. Hawking said that there was a very real possibility that humans would be extinct within a few hundred years. I for one hope that occurs given that the human race is fundamentally a pile of shit that's doing its best to destroy this awesome planet


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FastestLaps  2w ago @SpeedKing

And the irony is that Tesla is actually one of the better US companies, certainly in the unicorn category - they are producing real goods. It's just that financialisation ruins everything. People would be so much richer if banks, lending and fiat money didn't exist.


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dr. cosimo  2w ago @FastestLaps

it's funny how every tesla fanboy aka liberal is blaming an ice car for the death of pw, majority of muricans in socal can't drive, that's for sure

 


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SpeedKing  2w ago @dr. cosimo

Far too many rich idiots couldn't drive supercars to save themselves. Walker was a capable driver but he made a poor decision pushing the limit on that stretch of road that ended up costing him his life. c"est la vie


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aaayy  2w ago @FastestLaps

I think us Gen Zs are just gonna die before age 30 of suicide. Kinda sad, but true.


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FastestLaps  2w ago @aaayy

No. In the end everything will be fine. Bunch of people (90%) will get rekt in the markets but so what, those are all first world problems.

If we can afford to lose money in stock market casino, that means we have enough to put food on the table and in general life is good!


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aaayy  2w ago @dr. cosimo

The majority of Americans can’t drive.

Say that to Dan Gurney, Randy Pobst, and Mario Andretti.


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dr. cosimo  2w ago @SpeedKing

i believe walker was the passenger and rodas was the driver.

https://www.driverdb.com/drivers/roger-rodas/

if this was a racing drivers decision, then things could look uglier with your typical rich fellow murican, when he says the tires are in good condition, now hop in and let's enjoy the ride lol

 

a manual lambo gallardo lp is considered a unicorn with rwd setup and with 5 murci sv leaving the factory it's close to impossible to get a hold of one or spot one on the streets.

1 down in murica and 4 more to go

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lambo threw everything into their cars, from awd, traction / stability, semi-auto gears etc.... yet people are still way beyond stupid and can't respect all that power in such a beauty.

with a flick of a switch it becomes a lot scarier car than the cgt, awd or no awd, the bull was meant to scare the living shit out of you

 

i really do feel bad for the newborns that call the newer models hardcore, safe and from time to time scary in a straight line lol

 


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dr. cosimo  2w ago @aaayy

gurney is gone

andretti is about to go

pobst gets paid

 


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SpeedKing  2w ago @dr. cosimo

That's right i totally forgot that PW was the passenger. The problem with many of the rich dicks is that they've got little to no respect for the supercar they're driving esp if it's on the street. More money than sense but that's the way it is in murica where dumbarses are a dime a dozen...


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dr. cosimo  2w ago @SpeedKing

good old admin here loves the paul bros lol

 


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FastestLaps  2w ago @dr. cosimo

Absolutely. I love e-celebs and I follow every single YouTube vlogger. Yes, every single one, 24 hours / day.

Tbh I am kind of short on hours. If I had 48 hours per day, I would watch
then 48 hours.


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aaayy  2w ago @dr. cosimo

OK, that’s where I draw the line. ****ing hate the Paul bro’s. There aren’t any words on Gods green earth to describe how much I ****ing hate all of those *******s.


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Cocobe  2w 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.