Item — HN Reader

The Tesla stock evaluation has little to do with what Tesla is delivering today and a lot more with what investors imagine they will be able to do in the future.

Based on their history I'm pretty optimistic that those expectations will not be met, but Tesla somehow still rises in value.

3 comments

Every time I think about shorting Tesla stock, I remember the adage:

The market can remain irrational much longer than you can remain solvent.

Every time I see people betting against Musk, I remember the adage:

Insanity is doing the same thing over and over again, but expecting different results

It's the original meme stock.

Because Elon pulls off certain manoeuvres that feeds right into his "just trust me bro" supporters.