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This perspective suggests that Tesla's immense growth opportunities in non-automotive sectors—such as energy storage, software, and infrastructure—justify higher multiples. The analyst highlighted that many retail investors view Tesla similarly, which influences the stock's valuation beyond traditional car industry metrics.
Fundamentals Remain Stable Amid Evolving Sentiment
Despite the increasing valuation, the analyst maintained that Tesla’s fundamentals hadn't changed in proportion to the stock price. They argue that sentiments and perceptions have driven the recent surge, but the substantial growth potential—particularly in autonomous driving, energy, and charging infrastructure—remains intact.