I think we're all just sitting here amazed the share price is as high as it is. Strong Competition that's only growing, an outdated model lineup, Alienated customer base, underwhelming FSD, earnings misses, sales slumping across Europe, the list just keeps going.<p>Somehow it's still worth 3x Toyota.<p>The share price is so detached from the underlying fundamentals that it increased significantly when Trump won the election, despite him not having any plans for EVs and likely to roll back a lot of Bidens Climate / EV moves.<p>Personally, I think people are scared to bet against Tesla, either by selling, or by shorting, because something completely unrelated to the fundamentals of being an EV manufacturer could cause the share price to shoot up again. So everyone is just watching to see what happens next.