- Tesla's price action has been parabolic.
- Tesla's market cap peaks at $170bn.
- What has history taught us about such excess?
Volatility soars in the incumbent electric car maker as markets assess the likelihood of Tesla's rally enduring unabated. Smart money looks to rotate as mania stories usually go. What happens from here is anyone's best guess. Though, one thing to consider is that while history doesn't repeat itself, it often rhymes.