Tesla, Hertz And A $200 Billion Disclosure Oddity

Tesla gained hundreds of billions of dollars in market cap following a reported tie-up with Hertz. Almost a week later, Tesla's CEO says there's "no contract". Both companies owe the market clarity.

No sooner did I write about the lobotomized hysteria taking place not only in Tesla, but also in the NASDAQ altogether, then we are offered up - on a silver platter, nonetheless - another example of how eager the market, and its constituents, may be to get out ahead of themselves.

By this point it’s no surprise that Tesla’s valuation has skyrocketed ove…