We are already in absolutely overvalued, over extended, beyond parabolic, at the moon. But.... Thats tesla. Fundamentals do not matter at all in this stock and it has been gut wrenching accepting that. Tesla chart is not about Tesla the company, it is only about the candles and numbers on a screen. This making no sense, makes perfect sense. People are trading like they trade bitcoin. It does not actually represent anything tangible. Its simply a number that goes up on a screen and for that reason alone makes it more valuable.
Anyone who disagrees and thinks this represents teslas valuation is delusional.
Anyone who disagrees and thinks this represents teslas valuation is delusional.
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