There isn't much support there. Telsa's bubble is over. It's extraordinarily unlikely it'll be worth more than $900 / share 10 or 20 years from now.
The treasury party that has begun is starting to rob the mania of its precious fuel and it doesn't take much to break a mania. The Fed is going to have to do a lot more if they want to stave off plunging asset prices, as rising mortgage rates will tank housing activity as well.
The treasury party that has begun is starting to rob the mania of its precious fuel and it doesn't take much to break a mania. The Fed is going to have to do a lot more if they want to stave off plunging asset prices, as rising mortgage rates will tank housing activity as well.