Tesla stock TSLA chart resembles Bitcoin bubble in 2017, says analyst

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Julian Bridgen, the co-founder of the macroeconomic research firm MI2 Partners, believes Tesla stock (NASDAQ:TSLA) shows signs of a bubble. He compared the stock Bitcoin (BTC) in 2017 when it hit $20,000 and dropped 58% in two months.

From the yearly high to the month’s bottom, TSLA price dropped by 33.74%. The stock has recovered in the past 48 hours, posting a considerable recovery of 12.46%.

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