Let's also note that it's down 30% from peak this year. And that the price is heavily based on hypothesized future performance. And that Musk took a hype-driven strategy that, while getting him low-cost capital and a lot of free marketing, also has downsides. In particular, it creates a population of skeptics, and increases volatility when negative events cause former believers to become skeptics.
Tesla's hypothesized future performance has continuously been pushed out longer and longer. The consensus 2020 EPS was $18 in 2013, and by today it is a negative number. You can't push out future performance for eternity.
Hi! Replies generally go better if you assume people know the basics and then interpret what they said in light of that. Assuming for the moment I did know that, what do you think I might have meant?
Why would I assume you knew that? Not everyone is well versed in stocks so I was replying in case you thought tesla was unique in being priced based on speculated future earnings. I admit I said it in a pretty condescending way though.