Krugman compares Tesla stock to bitcoin, takes aim at Elon Musk

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Krugman compares Tesla stock to bitcoin, takes aim at Elon Musk
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Nobel laureate Paul Krugman compares Tesla to bitcoin — and says he wouldn't trust Elon Musk to feed his cat

, saying hype and faith underpin both assets' valuations, and joked he wouldn't trust Elon Musk to take care of his cat.

73% since then, slashing the electric-vehicle company's market capitalization from over $1.2 trillion to under $350 billion as of Tuesday's close.published on Tuesday, asked:"Did the Tesla story ever make sense?"

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