Analyst: Tesla seems to be gradually moving towards Bitcoin

Odaily Planet Daily News Barclays analyst Dan Levy released a latest research report pointing out that although Tesla's fourth quarter report performed poorly, investors were relatively tolerant of its short-term performance fluctuations. This phenomenon can't help but remind people of Bitcoin. Tesla seems to be gradually moving towards Bitcoinization, and its stock price is gradually weakening its correlation with fundamentals, and is more affected by market sentiment and narratives. Barclays mentioned in the report that Tesla's stock currently has a price-to-earnings ratio of 120 times, showing investors' high expectations for its future growth. This phenomenon shows that its stock price depends largely on Elon Musk's influence and the company's narrative ability. Tesla is more like a "original meme stock", and its stock price is driven by a variety of technical factors (such as options, quantitative trading and momentum investment), which is similar to the market performance of Bitcoin.