I totally agree on the overvalued part. My pet theory is that Ford went to Musk and gave him a reasonable offer, but Musk’s ego and his successful cucking of the SEC after manipulating his stock price said he should hold out longer. I agree with your forecast. I’m guessing Musk has his loans pegged to Tesla stock so that he can live like a king while having virtually no taxable income (like Bezos) and when the stock tumbles someone else will take the hit.