I found a way to make both Tesla and Bitcoin seemed properly priced: Here’s a chart of Tesla’s share price in Bitcoins.
It looks like the relative ratio is back in Tesla’s favor. Time to move those Bitcoins back into Tesla!
Oh Right. That Can Happen
I posted on 8/31 (a week ago) a comparison of Tesla vs. Amazon from the 1999-2000 Internet bubble and asked “What could possibly go wrong?”
Oh right, -34% in a week wrong.
No matter how good the company is, price matters. A lot.