The problem is that Tesla has become a self fulfilling prophecy. Not in any ability to actually make the products they advertise, but in making investors money. So many people have invested so much that the stock price now effectively describes investor’s aspirations for money, not their faith in Tesla. This has been true for some time. The value of the stock has been largely divorced from the reality of production targets, new products, or even the endless controversies.
The problem is that Tesla has become a self fulfilling prophecy. Not in any ability to actually make the products they advertise, but in making investors money. So many people have invested so much that the stock price now effectively describes investor’s aspirations for money, not their faith in Tesla. This has been true for some time. The value of the stock has been largely divorced from the reality of production targets, new products, or even the endless controversies.