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

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…