Anyone that knows about these things, is there a simple explanation for the rapid increase in value of Tesla, especially in 2020?
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Tesla had a remarkable 2020, as its stock price soared by almost 8x, from levels of around $90 at the beginning of the year to over $700 currently. Although a good deal of the run-up was due to technical factors such as greater retail investor interest in the stock, the inclusion to the S&P 500...
www.forbes.com
I think that link actually provides few valuable answers; to me the issue of TSLA has always been the combination of optimism, bad math, and a little bit of HODL. But probably you can attribute this to lazy fund managers--nobody wants to be the guy that "missed out" on that whale, but almost all of them get re-hired after their fund eventually fails and they get fired (with a large compensation package, aka "golden parachute").
If you want a little rabbit hole, read about
John Meriwether. From what I understand, every one of his funds has failed for the same principal reason, yet people keep giving him money. ¯\_(ツ)_/¯
A lot of people seem to feel the same about Elon and want to keep giving him money, and when it all goes belly up most will say "nobody could have seen that coming."
