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Thursday, February 20, 2020

How Dare you Compare Virgin Galactic Rise to Tesla's

Virgin Galactic has risen lots in market value on the last few weeks fueled by bullish behavior. This company doesn't have any revenue as of yet. It may have risen, but it shall go down soon since its price has been driven by sheer speculation and isn't backed by data.

At least Tesla's latest rally began boosted by announcements on improvements in revenue and production, and later got sustained by bulls and cult buyers, at the latter falling more than $200. So I think it is safe to presume that the risk and volatility of investing in Virgin Galactic is to high at the moment, its shares could fall any day from now, it wouldn't be an intelligent investment. The rise on its value is just obscure and irrational.

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