Loading ...Tesla stock is up another bazillion points (20% in two days) after investment banks slathered over each other to slap buy-recommendations on it because of “revenue growth” expectations. Sure… if every other car company dies… Tesla will do swimmingly well… But… it makes a kind of bizarre sense.. As a chum asked this morning:
Investors seek returns from some very unlikely places. AirBnB raised another $1 bn from investors to shore up its crumbling balance sheet – based on being back in full business by January 2021. (Note I did not say profit.. that’s still a filthy word for “tech” marvels.) But perhaps it makes sense if we see a travel and spending rebound as social distancing winds down. It’s a risk – some virus modellers say social distancing could be necessary for up to 2 years!
And talking of unlikely assets, Investors are apparently all over Softbank offering funding and acquisition packages.
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