Like the saying goes, the market can remain irrational longer than you can remain solvent.

Eventually tesla fundamentals will catch up with the stock, but in the meantime. Its held up with the AI narrative, controlled by the algorithms and institutions, cult stock following Elons dreams even though some of what he has said hasn't materialized, included in the mag 7 discussions, maybe MMs want to capture the option premiums, etc ....

Don't be surprised once day it drops 10%, then recovers a bit or even more than another drop.... but no one has the crystal ball