Do you think Teslanomics, Teslarati, and all of these random Tesla enthusiasts, pump Tesla because they have nothing better to do? If you understand how influencers work, it’s all about the financial stream generated by the product manufacturers, advertisers, followers, etc. Tesla has reached a massive social media scale in this regard led by Musk. Most of these influencers are frauds. Now, I’m not saying it’s illegal. But, personally, I hate the influencer game just as much as the clowns that come on CNBC pumping an investment that they own boatloads of. Is Scaramucci going to come on Squawk Box and tell people that investing in crypto is risky? No way. Instead he’ll tell the audience that BTC is the equivalent of “beachfront Hampton property” hoping people jump on Coinbase to help him fulfill his $100K prophecy. Tesla is impressive no doubt. $1T market cap impressive? No way. Tesla, like certain Millennial investment plays, are fueled by unsophisticated retail investors but driven by big hedge funds. Once the hedge funds jump out of the driver’s seat the stock will have a major correction and leave the retail folks to crash and burn.
