Sit Investment Associates, Roger Sit, says a short sharp recession is coming, along with a stock rally and lots of opportunities to own names across the board.
Tesla’s Big Money Problem Is Killing The Planet
The dark side to Bitcoin.
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Tesla’s success has been something out of a fairy tale. Not only has the American electric vehicle and clean energy company completely revolutionised the modern auto industry but it’s done much to popularise renewables and technology among a whole generation of consumers. Tesla’s made science cool again – whilst also making a lot of money for its founder, maverick tech visionary Elon Musk.
Indeed, Tesla just reported its seventh consecutive quarter of profits, despite a number of high-profile crashes caused by their autonomous driving software giving them grief in the press. The last twelve months have seen Tesla stock absolutely skyrocket, climbing from a 5-year average of around 50 USD up to 2019 to a whopping 880 USD at the start of 2021.