> I really think most of Tesla's value comes from a belief in Elon the individual delivering his endless escalating promises. Then that's not really "value", i

> I really think most of Tesla's value comes from a belief in Elon the individual delivering his endless escalating promises. Then that's not really "value", is it. It's speculation. > but causing the crash in prices is bad for the current investors That's the risk you take when you speculate. If the speculation was wrong then, yes, that will cost those left carrying the can. And those who bought low and sold high were effective at lining their pockets with wealth transferred from credulous rubes.