You’re thinking rational. Tesla prices skyrocketed during the covid pandemic when wallstreetbets was gaining traction. That’s probably all you need to know.
If I recall correctly, it skyrocketed right after they posted their first profit. People took this as an indicator that Tesla was only going to go up exponentially from here.
It was actually way overpriced even before this point.
You’re thinking rational. Tesla prices skyrocketed during the covid pandemic when wallstreetbets was gaining traction. That’s probably all you need to know.
If I recall correctly, it skyrocketed right after they posted their first profit. People took this as an indicator that Tesla was only going to go up exponentially from here.
It was actually way overpriced even before this point.