I find it strange that many investors are betting big on Tesla even when it is in fact still suffering from operating losses. The current net profit of US$438Mil for the quarter ending 31 March 2021 is misleading. Out of these, US$518Mil are actually environmental green credits purchased by other automaker from Tesla due to regulation. Without this US$$518MIl, Tesla will be staring at a net loss from its basic operations of selling EVs just like the previous quarters.
From USD88 per share in Jan 2020, it has shot up to the current USD738 per share which is an incredible 738.64% increment despite the losses at operating level. Is a loss making venture worth so much money? Does it mean that the car market share in future of Toyota, Honda, BMW etc will all be taken over by EV from Tesla? If not, then Tesla may be in for...