Tesla (TSLA) is full on madness.
The electric car maker's market value briefly hit $61.6 billion on Friday, roughly $280 million greater than BMW.
Here's the simplest, most basic analysis you will get on Tesla (TSLA) at this very moment: Stay the hell away from the stock.
Don't short it, because you will get your face ripped off. The momentum being seen on Tesla is like nothing yours truly has ever seen before. Wait -- actually it's somewhat reminiscent of how Nintendo shares reacted when Pokemon Go fever was in full effect last year. That ended very badly for the dumb money.
Don't buy Tesla's stock either, because it will teach you a ton of bad habits on investing. The fact is that Tesla's stock has completely detached from any semblance of reality. When the run began earlier in the year, a case could be made that people were making high-end assumptions on how the Model 3 and Model Y would sell. But now, investors are expecting Tesla to: 1) cure cancer; 2) cure world hunger; and, 3) develop robots that replace the entire U.S. Army by the year 2025.
Bottom line: Tesla does not deserve to be valued at $61.3 billion (climbing). What's happening will end badly, and perhaps real soon.
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Here's What's Smoking Hot
Alibaba, day two notes: After a monster run in its stock on the heels of a bullish investor day, Alibaba (BABA) founder Jack Ma saw his net wealth rise $8.5 billion to $41.8 billion. He is Asia's richest man, according to the Bloomberg Billionaires Index.
Why not stay long this tech stock, momentum lives on: Chipmaker Nvidia (NVDA) is the best-performing S&P 500 component this quarter. The stock is up a robust 54% in June, as Wall Street has become even more bullish on the company's prospects.
Must-watch digital TV: Apple (AAPL) CEO Tim Cook will deliver the commencement address at the Massachusetts Institute of Technology on Friday. He has big shoes to fill, after a well-received speech by Facebook (FB) founder Mark Zuckerberg at his alma mater, Harvard.
Robots: There really isn't any additional information needed on this one. Softbank (SFTBY) has struck a deal to pick up Alphabet's (GOOGL) robot-maker Boston Dynamics. TheStreet shows you inside of five seconds what Boston Dynamics does -- it's really cool stuff.
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