Here’s an interesting tidbit that shows you how fast things can change. Back on October 10th, Tesla did their big “We Robot” event. It was pretty much a huge flop, and the next day, UBER rocketed to a lifetime high, since they figured they would totally own the FSD market for years. Well – – a month later, UBER is down over 20%, and there’s been hardly an uptick to speak of.
In sharp contrast, Tesla (TSLA) had its gap down following the event (red arrow) but has rocked the free world ever since, thanks to some extremely well-placed political bets. While UBER is down 20%, TSLA is a trillion-dollar company again and has blasted 50% higher.
The lesson being: things change fast in our modern world!
