"The ultimate narrative" engine full throttle! "OG meme stock" Tesla, Inc. (TSLA.US) heading straight for a historical high?
"OG meme stocks" return: retail investors are enthusiastic, options are active, and the annual shareholder meeting is approaching, causing the bullish Tesla narrative to reignite.
Investors have seen the leading electric car leader Tesla, Inc. (TSLA.US) included in the "Artificial Intelligence" and "Humanoid Siasun Robot & Automation" sectors skyrocket since September, with a crazy 40% increase compared to early August. Some Wall Street analysts believe that the logic behind this surge is not just based on fundamental factors, but on speculation surrounding AI and Siasun Robot & Automation, as well as the resonance of technology and funding. Senior stock analyst Dan Levy from Wall Street financial giant Barclays even compares Tesla, Inc. to the meme stock craze of late 2020 and 2021.
Levy stated in a media interview this week that this recent surge is attributed to retail investors (especially long-time Musk believers who have supported Tesla, Inc.) refocusing on the AI-driven FSD and the Humanoid Siasun Robot & Automation, as well as extreme excitement surrounding the upcoming annual shareholder meeting of this electric car manufacturer. In addition, there are also funding factors such as options leverage/passive buying/dynamic market strength rotations driving this rally.
The market has shifted its focus from current negative concerns about vehicle sales and gross profit towards commercializing FSD (Full Self Driving), Robotaxi, Optimus (Humanoid Siasun Robot & Automation), and energy storage (Megapack) for the long-term bullish curve, providing ample room for a highly premium valuation. Therefore, for Musk believers and retail investors who have a long-term bullish view on Tesla, Inc., this upward trend is expected to drive Tesla, Inc. stock to new all-time highs.
However, Barclays analyst Dan Levy directly calls Tesla, Inc. an "OG meme stock," emphasizing that its "over-emphasized AI/Siasun Robot & Automation narrative + strong retail investor base" often decouples the stock price from traditional fundamental expectations. He also mentioned other technical and funding factors influencing Tesla, Inc.'s stock price movement, pointing out the relative underperformance of Tesla, Inc. compared to the other "Magnificent Seven" stocks.
Levy stressed that Tesla, Inc. is still the "ultimate narrative stock," especially compared to its future strong growth prospects, with current vehicle sales just being a "fading story." The strong future growth of AI and Siasun Robot & Automation is the core support for the bullish sentiment, making retail investors excited.
In conclusion, Tesla, Inc. Super Bull predicts that the rally in Tesla, Inc. stock price is far from stopping.
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