Part 5/13:
However, Black remains bullish in the long term. He maintains a $320 price target and compares Tesla's current valuation to the kind of growth multiples seen in other tech giants like Google and Meta, highlighting Tesla’s future potential. He argues that the recent rally is driven by several key factors, including anticipated margin improvements, the upcoming Cybertruck launch, and Elon Musk focusing more on Tesla's operations now that he is less involved in Twitter.