That is a very realistic possibility and one that I was concerned about starting around the time TSLA first broached $1200/share. It's not good for the stock or the mission for TSLA to run too far ahead of current fundamentals. TSLA has shown an uncanny ability to grow more rapidly than any large industrial company in this era and a good degree of that should factor into the current valuation. But to factor it all in (minus the time value of money), leaves us with a stock that can only grow at the rate the time value of money allows it to. It's much better for TSLA's valuation to continue to grow as Tesla proves it can continue to execute at a superior level to the competition (which is still primarily ICE cars, lest anyone has forgotten this fact).
Elon has knocked the share price down before (to the benefit of long-term shareholders) and I must assume he will continue to do it again at key inflection points whenever it will benefit the overall mission. Elon knows the effect of such actions will be short-lived because, ultimately, the company is valued on it's growth and productivity, not Elon's Tweets. Even though we know this, some shareholders still react like preschoolers having a fit. The share price never goes down very far, nor does it stay down for very long, but people continue to have fits over Elon's Tweets. They are blind to what he is really doing and I get tired of calming these moaners and complainers down and telling them it will be alright. It's the same people almost every time and it's as if they are incapable of learning anything from past experience. Each time Elon Tweets something these people think is improper or controversial, it's the same thing all over again!
It wouldn't surprise me to see the share price continue to rally well past $1400 in the coming several weeks. If that happens, I shiver to think of what would have happened without the Tweet. Because hyper-rallies that extend beyond Tesla's natural rate of growth are not sustainable and do a disservice to regular shareholders, employees of the company (both future and present), media perceptions, analysts reports and potential new customers. A relatively stable and consistently rising share price is far better than a spastic, unpredictable share price. I don't mind volatility myself but most people can't process it very well and it ends up reflecting poorly on the company and their mission.
When will people come to their senses and learn these basic truths?
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