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Notes -
Why isn’t Tesla stock crashing? The intersection between the set of people who care enough about the environment to buy an electric car, and the set of people who don’t hate Elon’s guts doesn’t provide much room for growth.
My understanding is that Tesla stock has always been at the intersection of memestocks and greater-fool, hype-based speculation. (Something along the lines of Musk running Tesla as a tech company that just happens to make cars and the market analyzing its stock more like that of a tech company than that of a car company.) However, there's also something of a sales floor, in that their head-start on EV design and direct-to-consumer sales model keeps the cars competitive, and EVs are equal or superior for many use cases.
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