Absolutely there will only be more EVs on the road, the world over, no question about that.
But in stocks, it is all about Expectations, and Tesla & EVs have had very strong growth expectations which drove them higher many times over,...until we arrive at this point.
Take a look at Cisco All time chart below, the advent of the age of internet saw Cisco soaring leaps and bounds in the lead up into the 2000 dot.com crash, Cisco price crashed but Internet went on to become the new norm essential of living thereafter till today.
