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Tesla Market Cap Approaching $300 Billion

ByTim Knight
Published 07/13/2020, 01:54 PM
Updated 07/09/2023, 06:31 AM

This is getting beyond silly. It’s hard for me to believe that it’s psychologically possible for anyone to still short this. I am speaking, of course, of Tesla (NASDAQ:TSLA), whose market cap is approaching $300 billion.

Its options market is, naturally, totally goofy. The October calls a full $1,000 above the current price are yours for only $18,685 per 100 shares. Just look at this:

Oddly, the puts that are a full $1,000 below the present price are not zero, which is mind-boggling.

Here’s the price cone animation.

Meanwhile, the QQQ overall, as shown by this weekly chart since mid-March, is full-on crazy.

Latest comments

Yes that makes me worried
Its hard for me to understand anyone long in tesla at this valuation. What kind of dream are you having?
My target is 5k for Tesla and SPX
TESLA is a MUST short. today went from +16% to -3%. beautiful day for shorting! TESLA can worth more than every automaker combined, with 10% of toyota only revenue, and 1.2% market share in the auto industry. Its senseless. TESLA has a bright future, but is way overvalued as is. Prepeare for a deep dive.
Tesla was $374 at the bottom in March. Many down days ahead for shorting.
shorted tesla at 1750.. over 250 profit by end of day.. smile
Cool.  You're either lying because you literally have no money, or you lied in your bankruptcy filings (a felony) Do you intend to pay your creditors back?
What is this? Its hard to know if this is a pump article or not? Lmao.
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