Okay first the bull case for infinite $CAR, which seems pretty clear:

Oil high, flights expensive, still want to travel around, rental cars are the answer!

Jet fuel shortage in Europe may cause major flight cancellations and disruption. So naturally the answer is the same, rental cars wooooo.

Momentum. Market is unstoppable, so $CAR is unstoppable.

Short squeeze! but that is pretty weak now. There is very little left to squeeze.

Gamma squeeze! I mean maybe.. but there is not much open interest in calls on this thing.

Bear case:

People who skip flights and go on road trips instead usually use their own cars. lol

They already have approval for a 5 million share atm offering. They just have to pull the trigger on it. And if they don't, expect lawsuits claiming breach of fiduciary duty -lawsuit would be because why the hell didn't you issue shares when the company was experiencing the craziest short squeeze in its history?? The company needed that capital to have a shot at survival!

When they issue those shares and expand the float by 5 million, the music stops. They know this, they are waiting to see how far their largest two shareholders are willing to push things before popping the bubble.