Fool's Paradise at Dizzying Highs
"Let's call it Anti-Tesla...is apparently the biggest synthetic company ever, the largest pool of shares ever manufactured by people betting against a company. It's no Toyota, but Anti-Tesla is bigger than Fiat Chrysler Automobiles NV; the market value of Tesla stock produced by short sellers is larger than the market value of an entire real car company."That's...something. I don't know. It's easy to scoff that Tesla, a young and still-niche company that has not produced a lot of profits, is more valuable than these big mature car companies; but even that scoffing itself is more valuable than some of those companies. Finance is weird."