Shuli Ren, Columnist

How to Turn Negative Equity Into a $30 Billion Market Cap

Call it the Tesla effect. The slightest whiff of electric vehicle ambition, and this Chinese company’s stock goes through the roof.

July 14, 2020 at 8:42 PM EDT

By Shuli Ren

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

All you need is raw EV ambition,
Photographer: VCG/Visual China Group

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For weeks, those of us in Asia watched the U.S. stock frenzy with amazement — how a video game-like trading interface could lure millennials, cost fortunes and some even their lives; how Tesla Inc. founder Elon Musk became richer than Warren Buffett; and why on earth retail investors were rushing to buy shares of Hertz Global Holdings Inc., even though the car rental company had filed for bankruptcy.

Well, gawk no more. The mania has landed in Hong Kong, too.

Before it’s here, it’s on the Bloomberg Terminal

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