Yes, pretty insane. It shows how the stock exchange has completely lost contact with reality. At a time where Tesla has lost its leadership position in its market, has only two aging cash cow models on the market, is in the process of losing the most important global EV market to domestic competition and has no credible other big business model, the stock is rising to heights as high as many of its competitors combined with a lot higher sales, revenues and profits (combined). It is all based on flowery promises of the future.

This can go on for quite a while longer but eventually reality always wins.