Tencent owns 5% of Tesla's shares - this is the main reason why Tesla's shares are up today more than 3%. This fact confirms that the market is irrational, because the market pushes Tesla's valuation higher and higher while the company's financials are not improving. Yes, their revenue is climbing higher, but the margins are still negative.In addition to that, Tesla got 500K Model 3 pre-orders and, as we all saw this week, the company is ready to start manufacturing it soon. The most important issue we forgot is their production capacity isn't enough to meet the production goals and deliver that many cars by 2018-2019. Tesla raised funds recently + removed one car from the product line. I think it was one of the conditions why investors agreed to get in, investors need margins and net profit instead of 'story telling' and 'changing the automotive industry'. Here is my new poll: Tesla will drop at least 3% next week, because Tencent's disclosure doesn't impact the company's financial and operating metrics. You can agree or disagree below, and, of course, share your thoughts in the comments. Waiting for comments from Tesla-lovers who push the stock higher today.