No Mercy No Malice

Why Tesla Fever Is the New Tulip Mania

Elon Musk, Robinhood, and SPACs all seem to be inflating the next big bubble

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.
Photo: Frederic J. Brown/AFP/Getty Images

Every decade, there’s at least one financial crisis somewhere in the world. When asked what a recession was, Jamie Dimon responded, “Something that happens every five to seven years.” It’s been 11. One of the many…