The investors are banking on Elon looting the Govt coffers into Tesla. I can’t deny the chances based on the other crap we are seeing.

I wondered that a while ago when Tesla was worth more than many other car makers combined while producing far less vehicles than any single one of them. And I remember people telling me about projections and expectations and that it’s only a matter of time until everyone drives a Tesla basically. Sounded like mass hysteria to me back then because the rest of the world won’t just sit there quietly and let Tesla have a monopoly. People bought shares because they rose rapidly in value, causing even more people to buy shares. It’s a pyramid scheme like so many things these days and people have no problem with it apparently. They love gambling and playing lottery. Value investing is too boring for them.

Value investing is basically dead, isn't it?

You're looking at a too short time frame. The famous tulip bubble lasted for a decade, too.

Value investing isn't dead. There are tons of value investors, and they aren't the ones buying Tesla.

There's value investing and there's speculation. If Tesla can make a robot that can mop the floor, even this seemingly ridiculous valuation will look like a bargain. Have to remember, Tesla is not a car company. They are an AI and green tech company. Cars are just their largest activity to date.

I am concerned about Elon though. I think he's a visionary, I think he's valuable, but I also think he's spread far too thin and he's losing it as a result. Tesla, SpaceX, Twitter, xAI, Neuralink, and his political efficiency project. All of these are full-time 100hr/week jobs. Even if you assume he literally never sees his gaggle of children, hell even if you assume he never sleeps, there's literally not enough hours in the day. And I think he is thus blind to the fact that his antics are costing him support for the bigger mission.