The thing that doesn't make sense is treating (number of shares * last executed order price) as anything more than just that.
Ref: https://www.investopedia.com/terms/m/marketcapitalization.as...
Tesla has such a high stock price because of an army of Musk fans believing in him. The company nearly went bankrupt multiple times. The cars are garbage quality. But Musk is awesome at selling dreams.
In 2021, really? {{citation needed}}
> "In 2018, engineering consultant Sandy Munro said Tesla's Model 3 had serious production flaws."
Yeah, and listen to the incredible praise this same Sandy Munro is giving them this year. As early as January 2021, around the time the other articles were published: https://www.teslaoracle.com/2021/01/26/2021-tesla-model-3-sa...
These articles may have been published in 2021, but by the time of publication they were in large part already out of date.
Right, and they are not going to dump their shares. So the projected scarcity from that lack of supply is priced in.
I'm talking about price discovery, which is (as proved many times) independent of rationality.
Right now if someone wanted to buy Tesla, they would have to pay more than the share price in order to get investors (the owners) to sell it.