"The market can stay irrational longer than you can stay solvent". This is nothing new.
I love Tesla but when even Musk himself looks at the stock price and tweets "LOL, stonks", you know something must be off.
Just because something hasn't happened yet, doesn't mean it will never happen. Tesla is doing extremely well and has a bright future but it's hard to make a solid argument for its current valuation.
Yeah i didn't mean to imply that the bubble assertion was false, merely point out that a ton of people also think it's a bubble (and have for years), and so far have paid a huge price for that bet.
It's a bubble for a reason, you can't short sell you can only watch it pop.
The market can remain irrational far longer than you can maintain liquidity.