[hndudette2]

TSLA has a P/E ratio of 1500. Even though they're a growth stock it's a generous valuation to say the least. The stock price has been driven up by

(1) a lot of retail investors loading into the stock & call options, primarily because it's a momentum hype/meme ticker with Elon at the helm, and easy access through Robinhood et al combined with stimulus money.

(2) large cap tech stocks have been rallying during COVID; capital has had nowhere else to go with the Fed crushing the USD and non-tech companies suffering,

(3) shorts have been repeatedly obliterated and are now mostly staying away. Short interest is now only 6%.

(4) TSLA was recently included in the S&P 500 at a ~1.5% weight, so index funds and ETFs have been forced to buy it due to a mandate to track the index.