I think part of Pltr success is the undue hype like Tsla, both have similar meme/yolo status in the eyes of a portion of investors.
This factor results in the stocks being overvalued and prone to shocks. Ironically, both companies have leaders that seem to have questionable ethics and seem to have money as their top priority.
Greed will always be fueling the gains, the unending want of greater wealth, even through unscrupulous means. (They are happy to sidle up to leaders around the globe, who have a lack of morals, and profit off less tax, and off human suffering. Pltr through encouraging police brutality and war, Tsla through poor quality and dangerous FSD mode that kill users, and musk creeping around dismantling democracy)