It's hard to understand why the stock is soaring. I don't think it has to do with sales. Is it from inflation of USD due to the federal reserve? Is it a bubble

It's hard to understand why the stock is soaring. I don't think it has to do with sales. Is it from inflation of USD due to the federal reserve? Is it a bubble with current owners fomo? I really don't think it's Tesla being Tesla. They just aren't competitive in the luxury market or for a 35k USD car.