I'm starting to entertain conspiracy theories with regard to TSLA stock.

Simply because there is no other way to really explain it.

No rational basis for a P/E of 180. No reason for the stock price to increase while sales and earnings decline. No reason for industry analysts to maintain a buy rating on a stock that is clearly WAY over bought.

Unless they have some undisclosed incentive for putting their reputation on the line to do so.

https://www.marketwatch.com/story/buying-teslas-stock-ahead-...