BREAKDOWN: The Real Story Behind $TSLA's Rally
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 July 2020
⏱️ 23 minutes
🧾️ Download transcript
Summary
Today on the Brief:
- Wall Street quarterly earnings season opens
- Investor flock to higher-yielding Chinese government bonds
- Bitcoin whales go down but other types of HODLers go up
This episode is sponsored by Bitstamp and Crypto.com.
Our main conversation: What the hell is going on with $TSLA?
Elon Musk is now richer than Warren Buffett. A year ago, Tesla wasn’t as valuable as Ford or GM. Now it’s more than 25% of the value of the auto market as a whole.
In this episode, NLW looks at a set of possible explanations:
- Elon as a Golden God/the cult of personality
- Tesla as an innovative tech company
- Better-than-expected vehicle delivery
- The mother of all short squeezes
- Robinhood effect
- Mr. FEDerico
- Narrative Market Machine
In the end, NLW argues that in a world where 1) the new retail base is willing to engage in narrative and meme warfare and 2) where the Federal Reserve distorts prices, the narrative market machine becomes more of a driver of prices than ever before.
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Transcript
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| 0:00.0 | If you assume that there is this force that makes it harder to understand quote-unquote |
| 0:05.6 | true value, then all of a sudden what are you left with? |
| 0:09.4 | You're left with the narrative. |
| 0:10.9 | You're left with the narrative machine. |
| 0:12.9 | In some ways, it becomes your only choice to bet on the narrative machine because it's |
| 0:17.6 | a fool's errand to try to properly value things in a world with this incredibly |
| 0:22.5 | distorting force. |
| 0:24.7 | Welcome back to the breakdown, an everyday analysis breaking down the most important |
| 0:29.4 | stories in Bitcoin, Crypto, and Beyond. |
| 0:33.4 | This episode is sponsored by BitStamp and Crypto.com. |
| 0:37.7 | The breakdown is produced and distributed by CoinDesk. |
| 0:42.5 | And now here's your host, NLW. |
| 0:48.5 | Welcome back to The Breakdown. |
| 0:50.6 | It is Monday, July 13th, and today we are talking about what all of Twitter is talking about, |
| 0:56.9 | at least that's what it feels like, which is Tesla and why this monster stock rally just |
| 1:03.1 | keeps going. First, though, let's do a really super quick version of the brief. |
| 1:09.0 | First up, we are entering earnings seasons. |
| 1:12.4 | This is the week that Wall Street starts providing guidance on earnings from quarter |
| 1:16.5 | two. |
| 1:17.2 | Well, at least some of Wall Street. |
| 1:18.9 | Others have said that because of the insanity of coronavirus, they won't actually be giving |
| 1:24.1 | guidance, which is obviously very out of the norm. |
... |
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