Nobel laureate Paul Krugman compares Tesla to bitcoin
Paul Krugman has compared Tesla stock to bitcoin, saying hype and faith underpin both assets’ valuations, and joked he wouldn’t trust Elon Musk to take care of his cat. Tesla stock skyrocketed more than 13-fold between the start of 2020 and its November 2021 peak. It has plunged 73% since then, slashing the electric-vehicle (EV) company’s market capitalization from over […]