Tesla and the Stock Exchange, 11 years of roller coasters before peaks

Posted on Oct 27, 2021, 7:00 AMUpdated Oct 27, 2021, 7:11 AM

The contrary would have been surprising. A minute before the Wall Street close on Monday night, when it was clear that Tesla would end for the first time in its history a trading session above $ 1,000 billion in capitalization, Elon Musk seized his iPhone, took to Twitter and typed in a few words. From a joke that is difficult to translate – “Wild $ T1mes! “- the entrepreneur celebrated the” crazy “sequence that the manufacturer is currently experiencing on the markets. The qualifier is equally valid for previous years.

Crazy, incomparable, irrational: since Tesla’s listing in 2010, the company’s stock market trajectory has been a case in point, a curve with innumerable air pockets and ascents in altitude. Before becoming the sixth value to exceed $ 1,000 billion in capitalization, the company was hated, cherished, faltered and then triumphant. It has widely aroused mistrust, to the point of being, for a long time, the best-selling short (“shorted”) title in the United States. She was even on the verge of outright withdrawal from the odds, according to her boss.

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