Innovation is one thing but it’s mostly narrative driven till it’s realized Tesla’s price is investors pricing the future cash flow returns of the company as well as a store of value element
I just think these companies are way over priced for their cash flow. Some don’t even pay dividends so you’re holding hoping they will one day
The way things are going I’d much rather hold BTC! Companies are even looking at it to hold their retained earnings or as the new stock buy back! So I’ve picked the story I believe to be true and I’m allocating my capital that way