DataTrek: Tesla's fundamentals are not solid in the short term, with valuation relying more on faith

Tesla's valuation relies mainly on future earnings rather than recent fundamentals. According to DataTrek's research, nearly three-quarters of the top ten companies by stock valuation are based on expectations of future profit growth. Currently, 91% of Tesla's valuation is based on future earnings, making it a "faith-based stock." If Tesla can demonstrate a turnkey autonomous driving car and provide a clear short-term timetable, the market may have a more positive outlook on its future value. However, if details remain unclear, Tesla's stock price may face downside risks. Tesla's stock price dropped 8% last Thursday due to news of delays in the Robotaxi launch