Fact of the matter is that there's no inherent limit to speculation, except the fear of loss which occurs in bear markets. With years of unlimited free money ahead, we're in the first innings of what will be the greatest speculative mania of all time. An operationally troubled car manufacturer quadrupling in value to $300 billion over just four months? Obviously, whatever the ex-post-facto rationalization, it has nothing whatsoever to do with fundamental anything. That said, TSLA is a clear bull market leader and it wouldn't surprise me to see $5,000 a share before all's said and done - maybe even higher. How much of that value is ultimately retained depends on how much investor capital Elon is able to raise and burn in order to buy market share.
Why don’t people appreciate the edge that Tesla as a company has? And to say that Tesla doesn’t have any tech advantage, I mean seriously, Bob Lutz can’t be serious on that one.
He is just a "Car Guy", doesn't understand TSLA is not a car company. I still remember I said AMZN was just a bookseller.
Well, I think the idea is that Amazon went on to become so much more than a bookseller. Will Tesla follow the same path?
TSLA also sells solar installations, home chargers, home battery energy storage and above all, sells connectivity to your Tesla. You can watch Netflix, play games.... Lutz's car company only sold cars.