Nobel Prize-winning economist Paul Krugman has compared Tesla to bitcoin, stating that they may have more in common than you think. $TSLA $BTC cryptocurrency
Nobel Prize Laureate Paul Krugman Compares Tesla to Bitcoin — They 'Have More in Common Than You Think'
However, “It’s hard to see what would give Tesla a long-term lock on the electric vehicle business,” Krugman described. “Where are the powerful network externalities in the electric vehicle business?” he questioned, emphasizing: “Electric vehicle production just doesn’t look like a network externality business.”It’s hard to explain the huge valuation the market put on Tesla before the [price] drop, or even its current value.
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