Don’t worry about the Tesla bubble. The market has other problems.

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Just look at Tesla and it’s clear the stock market in the midst of a wild speculative frenzy. As Deutsche Bank strategists say, the electric carmaker has added the equivalent of eight Ford Motors or 27 Renaults in market value since March, as it benefited from the sharp increase in retail investment – or, depending on your opinion, of the change of sports betting players into actions.

Investor sentiment can be a great indicator of contrasts: when everyone is panicking, like in March, buy; when everyone is irrationally exuberant, …

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