| They are precisely like the each other because the investment is, in both cases, based on expectation of future value. The people investing in Tesla are the same people who invested Bitcoin. Robinhood is leading all price movement Tesla has factories, etc. Don't forget blockchain was also going to be useful someday. Tesla has dubious growth potential for a number of reasons. Tesla, and Musk in general, specialize in appealing to the only remaining middle class with money, which is tech-y young adult males. You can only sell each one so many cars. It will eventually saturate its core market and growth will slow unless they can sell more stuff to the same people or the same stuff to different people. This means that have to convince "different people"--who don't care about Nikolai Tesla or EVs--to stop driving SUVs and used Honda Accords. Tesla dabbles in other applications of its battery tech but nobody has imagined an opportunity there as big as the automobile one. This leaves the idea of finding new stuff to sell to Musk's core fanbase. But what do you sell to people with too much money and not enough needs? An investment vehicle. Tesla stock itself is the second product offering. I wouldn't be surprised if they've, in the backrooms, made arrangements with the shady foreign shops that helped pump bitcoin to $20k, knowing that nobody seems to investigate or prosecute fraud anymore. This would be consistent with Musk's pattern of drawing all his inspiration from whatever's cool on reddit. |