by Wolf Richter
Wolf Street
You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%.
First a little history. Back in the good old days of February 4, 2020, when Tesla CEO Elon Musk could still be seen walking on water, and when Tesla’s shares hit $960 (and a little later $968.99), I posted a chart, calling it the “WTF chart of the year,” and adding that I’m in Awe of How Tesla is Now a Supernatural Phenomenon: