The price of Tesla stock hit another all-time high recently, while the company’s valuation has exceeded the $100 billion mark — higher than Ford, General Motors and Volkswagen.
Tesla’s share prices are climbing because investors are herding into its stock — a manifestation of the optimism associated with the continuing positive social mood trend. But such behavior can be risky and at some point, jumping on the bandwagon can end poorly.
To learn more, read “How to Win Against the Dangerous ‘Herding Impulse’.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.