..Tesla is the worst S&P500 performer YTD.
..it is more significant given that (1) it has been a darling stock (2) the equity market is doing exceptional well, never been stronger in recent times.
..the reason is simple: Darling stock has front-run its potential, and now its delivery is below the large expectations that took the stock to its ridic heights. Even at current prices, it PE is >50x!
https://x.com/charliebilello/status/1774059094346764509?s=20
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