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Tesla's stock creeps ever higher because the insane casino that is Wall Street hangs on his every word. "Well sure, people refuse to buy his cars," they say. "But now he says it doesn't matter." They're betting on the taxi fleet and humanoid robots taking over and fixing everything.
The level of hopium among that bunch just amazes me. I was thinking they might have one of the highest P/E ratios, but there are apparently many companies with even higher P/Es.
Some of those seem to be medical research outfits, and my guess is that people are gambling on some incredible moonshot kind of thing. I guess people believe fElon's claims about robots, taxis and their "AI", but given his track record on delivering an EV for rigs, let's just say I'm a bit skeptical. The guy also seems to be distracted by a million other things that have nothing to do with running any of his companies.