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@nek
I think it’s pretty hard to untangle causality here. There are a •lot• of wildly different reasons people could be propping up the stock: still truly believe in Musk as genius, belief that Trump admin graft will juice profits, various kinds of market manipulation by Musk’s own circle, optimism about Tesla’s cryptocurrency entanglements, the •real• money buying control of Musk, etc etc.

Almost impossible to tease out which of those things are and aren’t really happening. But as you say, •none• of them offer much confidence in the way the world works.