Part 12/13:
He predicts that the sustained, explosive rally requiring a massive re-rating of Tesla will likely occur in Q2 2024, when the RoboTaxi business could show tangible results and drive the stock to new heights—potentially doubling its current valuation.
Summary and Strategic Takeaways
In essence, the recent rally reflects a shift in narrative and optimism among top analysts, but lacks the fundamental backing for a full-blown vertical explosion. The current upward momentum appears to be a short-term tactical correction, with limited risk of immediate overextension beyond roughly $470-$488.