Part 14/16:
Gary Black, a well-known Tesla investor and analyst, maintains a bullish stance—predicting Tesla’s stock could rise significantly in the coming years due to investments in AI, full self-driving, and humanoid robots. However, he admits that Wall Street’s current valuation approaches seem extravagant when considering Tesla's core business as a commodity automaker.
Black warns that Tesla’s high forward PE ratio (over 200x) appears difficult to justify based solely on current earnings, especially as the company shifts focus toward AI-powered ride-hailing and robotics. Yet, Tesla’s unwavering focus on autonomy and integrated innovation positions it to potentially redefine multiple industries—making conventional valuation metrics less relevant.