Seeing that by no reasonably objective measure should Tesla be worth what it is, maybe he is just a good marketer.

I’m not saying that “marketing” alone made Tesla successful. I am saying that it made the stock valuable.

Tesla made almost the same profit as Toyota last Quarter. While having a much, much better position in terms of debts and company value. And while the company is still growing at incredibly rates each quarter. All this while major competitors are shrinking.

The Tesla stock really only went up when they had proved they had cracked mass production of the Model 3 and were making an electric vehicle at industry leading margins.

One can argue Tesla stock is still to high, but its certainty not 'objective'. Good annalists disagree and you can reach almost any valuation depending on your future assumptions.