When you say TSLA is the largest automaker, I believe you are actually saying the stock market valuation of TSLA is larger than Toyota or GM or Mercedes-Benz etc. But that is not the same as saying they build the most vehicles, or employ the most people, or sell the most cars and trucks, or have the largest factories, or the largest dealer foot prints. TSLA has really been quite a ride.
Would you be buying at these levels?? Some folks certainly are, or the price would fall.
I have been very tempted to sell some TSLA at these current prices, but if I wait unit early August my basis shifts from short term to long term, and the profits are treated differently - so it has been a conundrum. I think I may sell puts against TSLA in hopes of replacing what I sell at some point in the future.
I do have some of my positione covered with calls, that I sold with too low a strike - but who dreamed TSLA would rise 5 fold since last August? I do know the TSLA shorts have done a lot of bleeding. I suspect that much of the current buyers are short covering, but that's just my WAG.
There are a whole lot of reasons to think the marklet may be significantly lower this fall, from virus infections to political elections to black swans.
I didn't answer your question, I see!
Elon's going to Mars, everything will be fine!!
Everyone needs at least two Teslas, don'cha know??