Why? Their stock value is all about appearances --- not substance.

Revenue has stalled, earnings and sales are down all over the world, Cybertruck is a dud, Robotaxi is a joke and their humanoid robots aren't being sold yet so they remain just a question mark.

Does any of this really matter to their stock price? Nope. P/E is still at 180 --- and most "analysts" still rate it a "buy".

For comparison, the typical P/E ratio for an auto manufacturer is around 10. For the most popular ride hailing company Uber, it's 15.