Back to topic -- another notable wow:
I can't get over this one, been try to rationalize it.
I think there are scenarios in which the price is "rational", which says the market is not completely nuts:
1) Tesla/Musk pulls off its full self-driving/ robotaxi plans.
2) Tesla sells state of California a zillion batteries to keep the electricity grid from rolling black-outs, or, failing that, Calif. homeowners feel compelled to buy them for the same purpose.
3) Feds under either Biden or Trump invest in massive EV infra-structure support: self-charging, etc. At some point, who knows when, I think self-driving will become so successful that it gets infra-structure support, too, just like the interstate highway system facilitated driving.
4) Oh yeah, they sell a lot more cars, too.
p.s. Have never owned it, but have shorted it 3 times.