Stock prices are based on investor opinion about future profits from the company. Tesla has certainly captured people's imaginations but you are right, the stock is way overvalued. I was fortunate I bought some at 135 and sold half at 248, so the other half I still own is "free money" for the most part. So I'm going to let it ride. It might make me rich, or probably not.
The price is based on the expectation of the public that Tesla is going to be a very successful company sometime in the future.
I brought telsa a few years ago so im not complaining and I sold it within the month of dec 2013.
During the next bear market but STOCKS because the stock market always advance overtime
Take Care
People are crazy.
I was looking into the company stock and see that the stock was going up for the past couple years but why is it going up so high?,
