Comment by zpeti

The answer is fairly obvious, humanity is always more obsessed with potential value than actual value. Elon sells that potential very well, but he does actually follow up in a decent way.

Turning the impossible into late is a legitimate business strategy, because you create markets that weren't there before (like cheap satellite launches).

And he has a history of doing this, and he's trying to do it again with optimus and robotaxi. There's massive potential in humanoid robots and robotaxis, which is why people are willing to take a risk. You might think that's irrational, and that's fine. Others do not.

Compare this to other car companies, they don't offer any vision of changing the future in any major way or bringing new products to market. That is boring and predictable. Still valuable, but not as much as Tesla.