Musk is simply acting like if he is above the laws including the law of gravitation... Manipulation, unclear around cryptos, nothing for me that justifies a still astronomical valuation.
Two scenarii: 1- TSLA delivers serious growth like EPS 5x higher than currently within the next few semesters then why not hanging a bit around with still high valuation BUT a stock price of 400$ is already a lot... 2- TSLA doesn’t deliver significantly more then a 200$ stock price is already more than enough...
In all the cases, I don’t know how long will hypnotized and blinded investors will continue to buy a so highly valued and poorly managed company...