""We see Tesla shares as a must-own. The disruptive force of AI will wreck multitrillion-dollar industries, starting with auto. Under Musk's leadership, the company is comfortable taking risks. It has manufacturing scale and supply chain expertise that robotics startups possess more by proxy. It can rapidly improve and scale autonomy in driving, the first major manifestation of AI in the physical world.""
""This is the biggest meme stock we've ever seen. Even at its peak, Amazon was nowhere near this level. The PE on this, well above 200, is just crazy. When you've got stocks like Nvidia, the price-earnings ratio is around 25 or 30, and Apple is maybe 35 or 36, Microsoft around the same. I mean, this is w""
"He said the $1 trillion market cap that the company represented was "guesswork," and not necessarily something that could be outlined on paper."
Melius Research initiated coverage of Tesla with a Buy rating and a $520 price target, roughly 20% above the $435 closing share price. The analyst highlighted Tesla's strengths in AI, automotive market dominance, manufacturing scale, and supply-chain expertise. Musk's willingness to take risks and the company's ability to rapidly improve and scale vehicle autonomy were emphasized as drivers for growth. Valuation concerns were noted, calling the company's $1 trillion market capitalization "guesswork" and its valuation "challenging" relative to fundamentals. Other commentators flagged meme-stock dynamics and an unusually high price-to-earnings ratio compared with peers.
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