TESLA stock & market speculation mania

I went over this article the other day (because of course it speaks about the TESLA bubble). I did think about the content a bit and wonder whether the market mania is in front of us or in the rear mirror?

The article was written back in February 2020 just before the society was locked because of COVID-19 virus. At that time, the TESLA stock was around 900$ per share. And the article was suggesting that because of what people see on CNN about the TESLA stock price action, they will go out and buy like crazy. He has no follow up about the TESLA stock price; I did scan the web site and did not find anything. As a side note, looking at the articles that author The Phoenix is posting, I think he's making them up as the stock market goes (like most news websites actually), buy anyway back to TESLA stock...

Here is the chart based on which that guy was suggesting a stock market mania is coming.

What followed with the stock was a drop from 900$ to around 400$; so a mini crash of about 50%. Here is the chart.

Since then, the TESLA stock went on a craze like there is no tomorrow; the prices was multiplied by 4.5x in a span of 3 months. That is quite something for a company which losses money quarter after quarter...

In the big scheme of things, that guy was right I would say. Gambling investors went out and bought the stock based solely on what they see on CNN regarding one stock price. That is reminiscent of what was happening during the Internet stock bubble in 2000; zombie companies with a shitty web site were seeing their stock price triple in a couple of months...

The question than is: Is the mania in CNN news stocks ahead of us or behind us? I dont know how far this sucker can go, but I'm sure of 2 things:

• We are in a huge bubble similar to Internet in 2000
• At least some of the crazy mania reflects alreay in the price of stocks like TESLA's (and there are many others)

Viva la speculationes!