Maybe you're right. I've been assuming that revenues will be ignored by the short-sellers and bears, who will say "Tesla is losing $XXX on each car argle-bargle". I figure expenditures will be increasing as fast as revenues for this year and most of the next (more service centers, more superchargers, factory construction, final R&D for Model 3, Tesla Energy R&D, etc. etc.) and so the revenues will be ignored by the market. But I could be wrong.
I really am expecting TSLA to trade in the 200-260 band for a long time. Once it becomes clear to everyone that they really are shipping 500,000 cars per year, profitably, I expect it to *skyrocket* in a fairly short timeframe. But it's possible I'm wrong and that the markets will recognize part of the value before then.
I think we have a bimodal distribution of traders in the market for Tesla. We have people who think Tesla will do very well, and people who think Tesla will do really badly, and both groups are quite sure of themselves. There is basically nobody who thinks Tesla will have *middling* results. The stock will only be pulled one way or the other if there is a significant decrease or increase in the number of people (or amount of money) who are on one side or the other. I don't see most of the bears capitulating until Tesla proves its success by selling ~500,000 cars a year and reporting a profit. Though I suppose they could give up earlier, or a new wave of bulls could enter the stock.
