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99% of Tesla stock value is driven by “greater fool” theory at this point. It’s a bubble, everyone knows it, but everyone’s sure they’ll get out before it pops leaving someone else holding the bag.
In related news Elon Musk has announced that Tesla will be adding AGI to Teslas in 1 year and you can buy it now for $10,000 before the price goes up to $20,000 when it’s released.