Bitcoin
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BTC · 2w

Tesla’s surging stock is starting to remind Wall Street of bitcoin’s parabolic rally in 2017.

Tesla Inc. is on a tear. Not just any ordinary tear for shares of a popular company whizzing to records on Wall Street. The ascent for shares of the electric-vehicle maker are near-parabolic and the unabashed run-up in recent days has some investors comparing the jump to bitcoin’s surge back in 2017.

To put things in perspective, Tesla’s shares TSLA, -14.14%  have risen 36% to a record price around $887 in just the past two sessions alone. The Silicon Valley darling run by Elon Musk has jumped 180% in the past three months and from its June 3 closing low at $178.97, the company’s shares have gained more than 395%.

By comparison, the technology-laden Nasdaq Composite Index COMP, +0.15% , which has outperformed the S&P 500 index ...

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