Tesla just made it’s first annual profit in ten years and now has a stock value that makes it more valuable than Ford and GM combined! Combined vehicle sales from GM and Ford equal over 4 million while Tesla shipped less than 10% of this number in 2019! This goes beyond irrational and is more likely insane exuberance! Makes you wonder how many they would have sold without government subsidies. Musk loves businesses that get government money and who can blame him!
That said Tesla is a niche car company and as the major auto guys move into his niche EV market he has nowhere to go but down and maybe out! Both Ford and VW signed an agreement last year to team up on EV’s. No one is going to buy Tesla stock at anywhere near its current price, once they start to see some real competition from them.
And that is all I’m going to say about that!