Part 4/13:
Despite the impressive momentum, some analysts have expressed skepticism, particularly regarding Tesla’s valuation metrics. Notably, Gary Black, a widely followed Tesla investor and fund manager, pointed out that Tesla currently trades at a higher forward multiple P/E than Nvidia, despite Tesla’s EPS having declined 26% year-to-date due to recent price cuts. This discrepancy raises questions about the sustainability of Tesla’s valuation, as traditional valuation metrics suggest caution.