Insanity: Tesla Reaches $538 Billion Market Cap On S&P Inclusion

Stanphyl Capital commentary for the month of November 2020, discussing Tesla‘s market cap and its S&P 500 inclusion.Q3 2020 hedge fund letters, conferences and moreTesla’s Market Cap Reaches $538 Billion On The Announcement Of S&P 500 InclusionWe remain short the biggest bubble in modern stock market history, Tesla Inc (TSLA), which following an insane 46% run in November (based on announced inclusion in the S&P 500 and a massive bubble in EV stocks in general) currently has a fully diluted market cap of approximately $538 billion, which is significantly greater than those of Toyota, VW, GM, D…

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