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The U.S. stock market continues its incredible run higher. Last week Tesla broke above $2,000 and became the 12th largest company in the world.
The run higher comes despite the company announcing a 1:5 split that starts in September. Investors, it seems, are unfazed by the fact that the company trades at fifteen times price to sell ratio or at a price to earnings ratio that exceeds 1000. Standard valuation metrics have lost their meaning…
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