Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
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The fact that the product is stock doesn’t sit well with the idea the electric-car maker is nearly self-funding.
The price only goes up.
I mean, wouldn’t you?
The emphasis is mine, but the logic is obvious. If you have a product for which the market is willing to pay virtually anything, you sell more of it. That’s true for electric cars and it’s just as true for stock, which is far easier to manufacture.