The recent Tesla uptrend reminds me of when we broke $40 and continued to plow through record close for weeks. As we broke through 60s, 70s 80s and 90s there were much concern and debate on this forum about tesla's valuation and ability to sustain such a high price tag. Then came a secondary (by surprise) that Elon announced to be atworth $92 per share, where he would invest $100 million of his own money. After falling back to the 80s the next few days, the rest was history. We may be in the same position as we were last year, where many investors think tesla is over valued, while others were arguin we may never see tesla "this low again."
My prediction for the giga factory is that the deal Nevada is giving is more compelling than what CA can offer, otherwise, why accept the offer so suddenly and quickly? I believe Elon had his mind made up for Nevada during the CC when he mentioned that Tesla wasn't trying to haggle an awesome deal only for its own benefit, but it has to make sense for both tesla and the selected state. Here, I believe Elon already knew what Nevada would offer and it was such a great deal to tesla that even the $500 million in incentives fromCA could not even have measured up. Looking forward to a great 3rd and 4th Q...