The market can remain irrational longer that you can remain solvent.

The problem isn’t that you can’t predict when a stock is mispriced, that’s sometimes very easy, it’s predicting when all the other dipshits will come to the same conclusion because ultimately that’s all that matters.

Right now musk still has a personality cult and there are a lot of morons buying the stock like their worldview depends on it. They don’t read the earnings reports, they don’t read unbiased news, they mostly don’t even own the cars, they just think it’s going to the moon because…for lack of a better word, propaganda.