Business
Tesla reversal tests faith in Elon Musk’s ‘business miracle’ – The Australian Financial Review
The electric carmaker’s retail fan base remains defiant in the face of a bad week, including the biggest one-day drop in Tesla’s shares.
To some, Tesla has become an emblem of a market that moves on its own momentum with little regard for the health of the economy or the profits that companies are generating. The stocks rise has been propelled by retail buyers, who also traded a huge number of options tied to the company, helping to drive the shares even higher.
Price moves have been volatile and, at times, hard to explain. But starry-eyed investors point to the companys ability to dramatically increase production of electric ve…
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