Imagine Tesla's share price if the best bullish argument was "Soon Musk is going to suddenly make even cooler cars - you'll see!"
I was under the impression Tesla's share price was currently in bubble territory for that exact reason...
Tesla actually has business plans. It IS a bubble, but that bubble would never have been possible without a clear plan for investors. However ambitious it may have been, they have been executing and exceeding expectations, and people now expect that performance from them. The hope is that Tesla grows to fit its bubble.
If Tesla fails to beat expectations (based on The Plan), that bubble will pop. Entertain the scenario of what would happen if they didn't even release a plan or issue guidance.
Tesla is
guided hope. I am not auto-bearish, though I may pick up long-dated put options if they pass 180 this year.