If ICE automakers produce more cars than they sell, they can lose money and require bankrupcy or bailout.
How many cars did Tesla make that they didn't sell yet? um.... ZERO !
Does it cost 110K? um...no. unless it's so f'n loaded.
Is it tethered to your house? um.. no. It gets about 300 miles/ free charge.
Did you make $ shorting?
I know your answer. The stock is not SUPPOSED to be going up.
BTW,, What other stocks don't you like? I might want to diverify.
Long story short, TSLA is not worth 6.5Billion, period. More likely than not, this company will go bankrupt in a few years, just like other electric car only companies. Toyota, Nissan, Honda, etc. are coming out with electric only models for mass markets. TSLA on the other hand will be sold only to a very limited audience. Not enough to sustain the company.