Tesla, GM, Ford Together in Ludicrous-Mode WTF Charts
House Speaker Nancy Pelosi's husband has placed up to $1 million worth of bullish bets on Tesla stock, the politician revealed in a financial disclosure form last week.
https://markets.businessinsider.com/news/stocks/nancy-pelosi-discloses-1-million-call-options-tesla-stock-2021-1-1029998372
This has already been covered, but looking at Tesla's stock increase $ compared to GM and Ford really tells the story.
What did Pelosi know and when did she know it??? I smell market manipulation.
Here’s how the ludicrous stock market, so to speak, reacted to this situation:GM’s market cap (shares outstanding times share price) – despite six years of declining revenues and four years of declining deliveries – jumped inexplicably by 58% from a year ago to $77.6 billion.
Ford’s market cap, despite two years of revenue declines and three years of declining deliveries, and a $1.3 billion loss, jumped by 46% year-over-year to $46.7 billion.
Tesla, of course, isn’t an automaker but a supernatural phenomenon, and its CEO walks on water, and its market cap spiked by 450% over the 12-month period to $770 billion, about 10 times the market cap of GM and 16 times the market cap of Ford, though its revenues and deliveries are just a tiny fraction of GM’s and Ford’s, for a class-act ludicrous-mode WTF moment:
https://wolfstreet.com/2021/02/10/tesla-gm-ford-together-in-ludicrous-mode-wtf-charts/