Why Tesla stocks keeps going up?

I have this feeling it's like Xerox of 1999/2000. It's new tech, they are first to market and everyone is super hyped. I think it's a great company but I don't think it's better then nearly every other car manufacturer combined.

Instead of getting stuck at a price point, buy $TSLA on every 30% drawdown and buy me some expensive dresses and make up after you thank me for that. 😉 don’t get caught up with naysayers - company’s roughest years were between 2015 and 2018 when doubts were justified. Now it is a scary proposition for legacy auto with margin expansion and scale increase they are experiencing. Any disruptor always looks expensive before it becomes cheap.

It’s not just the car, Tesla’s thought of everything around it from service, sales, charging infra, battery tech, software updates etc etc. No car maker is thinking of it from the ground up, they’re just trying to make ICE into EV by adding a pathetically inefficient battery and motors. And most of them still are in denial that EVs are the future.

1) Elon is a beast. These other CEOs don't study physics and smoke DMT. He makes them look like monkeys. 2) Tesla's roadmap includes other industries such as energy & robotics

Legacy auto is in a horrible position of having to catchup with Tesla and cannibalize everything they currently sell in the process. I think VW may be able to compete in 10 years with the Rimac-Bugatti partnership, followed by maybe Toyota and Ford. The rest may not make it past 2030.

Most analysts are seeing Tesla as 3 businesses: - Auto manufacturer above Ford and GM’s league - EV charging infrastructure owner, which will create same business opportunities as Exxon and other fueling station when more EVs hit the road. Neither Ford nor GM is investing in that area. - Self driving software company which can license its solution to other companies in any sector, not just automobile sector. Many think this is alone a trillion dollar opportunity.

I’ve worked at multiple OEMs in Detroit as a software engineer for a good number of years, now just switched job to Tesla since I am still young. So that hopefully tells you something as an insider who kinda experienced both sides of things. The fate of Legacy auto makers is inevitably doomed. They are not run by leaders who have the true visions to save them for the danger lying before them. They are so used to the old ways of thinking, hoping to crush all these new comers in the EV arena while sitting on their good old day laurels and for the most part are neither capable nor willing to make changes that might be one day deemed revolutionary to the world. When the early vehicles produced by Tesla was teared apart and studied by them, all they did was nothing more but to laugh. What they missed here was the speed at which Tesla iterates and evolves. You really need to understand and tell the difference among their vehicle technologies, as well as the speed at which they improve over time, in order to know exactly who is better, including but not limited to vehicle software, hardware, testing and validation capabilities. Tesla is in an order of magnitude advantage compared to the others in almost all aspects. And this is likely just the beginning.