For you reality is only about the price of the stock. By the same token you'd have thought that Amazon was the best thing since sliced bread back in 1999 Then

For you reality is only about the price of the stock. By the same token you'd have thought that Amazon was the best thing since sliced bread back in 1999 Then when it crashed 97% you'd have thought it was on its deathbed ready to be cannibalized by Barnes&Noble Then when it reached new peaks after 2010 up to now...right back up there being the best thing since sliced bread. In reality the analysis of the balance sheets through the years + Bezos letters to investors point out to a much more nuanced and steady climb, independent of stock price action. Amazon didn't need to look at stock price at all ,because it achieved its growth via internally produced FCF and the re-investment of it. FCF which Tesla never produced and so they decided to create a cult to oversell overhyped equity to disciples/bigger fools who trade based on sentiment and without understanding any fundamentals. Finally if you can't see any evidence in a carmaker with quality issues trading at 310 times earnings, then you won't accept any other evidence (which btw I provided)