Will it happen? Nothing is sure. Can the stock triple from here? Of course...
In the meantime, this basic comparison between how far a stock is stretched compared to S&P 500 index has the TESLA crashing risk at above 80%. Stock is stretched more than 300% compared to S&P.
Back in February 2020, the same comparison had the TESLA stock going down at 80% chance. At the time, stock was 150% more stretched compared to S&P. TESLA went down 60% then - it was COVID but that doesnt really matter in a huge bubble; things can turn the other way at any time, for instance while you're sleeping.
So here it goes
Good luck speculating!
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