Quote of the Day

"The fact that Musk owns 18% or 22% of Tesla’s stock is not what gives him power over Tesla; what gives him power over Tesla is that he is the CEO and product architect and visionary and social media manager, and it would die without him, or so he and the board and let's face it the shareholders think."

(Matt Levine)

Chart of the Day

The S&P 500 has doubled off its 2020 low.