John Rubino returns… Tesla just broke $500 per share. The Tesla fan boys believe it’s headed to infinity. Does that sound familiar? They’re probably the same people who were buying Bitcoin at $19000 and look where they are now. One constant in investing is that the tree does not grow to the sky. According to Nick Santiago, Tesla will hit $542-3 and then dive. That’s not to say it’s not a great company and it’s plans for world dominance won’t eventually succeed. Just don’t bet all of your IRA or 401k on it, especially at these lofty levels. People who invest at the top of a parabolic move, inevitably wind up falling off a cliff.
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