uh no... it was other reasons. apparently, everyone was stunned about tesla's "amazing!" results over the covid months. They take it to mean that the company will finally post an actual profit this year.
How that's possible with less actual sales I don't know. I smell tulips...
yup. losing money from operations to the tune of close to a billion a year. Limited portfolio, stagnant sales. don't get me even started on the product.
but this guy is a magician. stock split share price doesn't budge. really superstar. I want his hypnosis skills!
Elon musk is a true salesman. He can sell anything. Like his hyperloop train. This concept was brougt up from the 1970's i rememebr from popular mechanics but to get people to invest in such a scheme you need to sell it to investors.