Quote:
Originally Posted by sygazelle
Possibly Tesla's patents or its battery business are driving its ludicrous stock price.
|
Two things are driving it:
(1.)
This, and
(2.) New retail investors piling into what they perceive as a no-lose/FOMO trade
Either way, TSLA's value isn't ludicrous if you're a speculator or trader - in fact, it's made a lot of millionaires.
If you're an investor, TSLA is a out of bounds (at its current price) as is most of the market. This is clearly one of those "when the tide goes out we'll see who's swimming without pants" times.