Jul 14, 2020
Today on the Brief:
Our main conversation: What the hell is going on with $TSLA?
Elon Musk is now richer than Warren Buffett. A year ago, Tesla wasn’t as valuable as Ford or GM. Now it’s more than 25% of the value of the auto market as a whole.
In this episode, NLW looks at a set of possible explanations:
In the end, NLW argues that in a world where 1) the new retail base is willing to engage in narrative and meme warfare and 2) where the Federal Reserve distorts prices, the narrative market machine becomes more of a driver of prices than ever before.