Ahead of the required disclosure of stock sales, Tesla’s (NASDAQ:TSLA) CEO Elon Musk posted a poll. He asked his millions of followers if he might sell 10% of his TSLA stock to pay for capital gains taxes.

TSLA stock peaked at $1,243.49 and closed at around $1,033 last week. The CEO filed the sale disclosure in September. So, the poll is meaningless. Markets barely reacted to the insider sale, allowing Tesla to almost retain its $1 trillion market capitalization.

CEO Musk’s brilliant marketing to tone down the relentless insider selling will keep the stock afloat. Speculators who missed the over 150% yearly return will bet that Tesla has more room to climb.

Musks sales are smartly timed. Rivian’s (NASDAQ:RIVN) IPO last week lifted the valuation of nearly all EV stocks. This includes XPeng (NYSE:XPEV), Nio (NYSE:NIO), Lucid Motors (NASDAQ:LCID), and Fisker (NYSE:FSR). Investors in LCID and FSR stock reason that 2023-2030 unit sales justify the enormous valuations. Fortunately, neither firm will offer any competitive pressure on Tesla’s market share.

Tesla is too strongly entrenched in the EV market as an early entrant. It has a global network of charging stations and factories worldwide.

Most importantly, its software keeps getting better. Competitors will have bugs and unknown issues to resolve.

Expect Tesla stock to retain its rich valuations for now.