> Unless the market can remain bored longer than institutional investors can remain solvent...
Don't let nit-picky facts like that institutional investors control substantially more capital than retail investors get in the way of a good narrative.
Tell that to all of the institutional investors that have lost money shorting Tesla.
No, there is no good reason for Tesla to be valued the way it is - but there is no shortage of people willing to buy it without putting too much thought into the price, either.
Tons of good reasons. My model says $TSLA should be $1,000 a share and is undervalued. It should be there for March and even earlier. $5,000 in a decade.
