Tesla has a market cap of around $911 billion, with Musk owning one-fifth of that. Making a very rudimentary analysis: with a revenue of $80 billion and a net income of $2 billion, and assuming a P/E ratio of 15-25 (which is typical for a stable, profitable company), Tesla’s actual market cap should realistically be around $30-$50 billion. Obviously, future prospects could inflate that, but as others and I have mentioned in this thread, the electric vehicle industry is fundamentally unprofitable, it's a still born industry, surviving only through government subsidies and not being a viable path to green transportation, like starting a book shop in Compton.
If Tesla’s market cap were around $40 billion, its stock price would be approximately $12.58 per share. I truly believe Tesla is a cryptocurrency pretending to be a stock, unprofitable, with its price driven solely by the greater fool theory, while people continue to hype up the "imminent mass adoption" of EVs and the "death" of gasoline powered cars.
Like crypto, everything goes up, until it doesn’t. One day, we will witness the biggest evaporation of wealth in human history right before our eyes. The sack of Rome or the Spanish conquest of the New World won’t even compare. When Tesla truly collapses—not just the dips we've seen in recent days, the recession it triggers, or vice versa, the recession that triggers Tesla's downfall, will be monumental.