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IPFS News Link • Stock Market

Tesla Stock Soars Despite COVID-19: Retail Ignoring Reality Or "Larger Forces" At Play?

• https://www.zerohedge.com, Tyler Durden

Perhaps a better question to ask would be: what continues to cause Tesla's stock price to soar over the last couple of weeks while the company has been completely idled, argued with Alameda county authorities and recently just disclosed that its own CEO is now indemnifying its Board of Directors in lieu of D&O insurance?

That's one question Reuters starts to address in a recent piece where they note, innocently, that the coronavirus for some reason hasn't had an effect on Tesla's stock price. Analysts and institutional investors remain focused on Tesla's 2020 cash flow and potential ideas for boosting demand, but it appears retail investors simply don't seem to fear the virus's impact on the company.

After all, here's how Tesla stock has performed while the global economy has ground to a halt and the worldwide automotive sector has all but imploded:


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