Tesla Market Cap Approaching $300 Billion
Tim Knight | Jul 13, 2020 01:54PM ET
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.
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