$Tesla(TSLA.US)

Don't be afraid of highs, just aim for no regrets!

JPMorgan Asset Management: Based on the "SOP" model, TSLA's reasonable valuation range is approximately $1.8 trillion to $2.5 trillion, corresponding to a stock price range of roughly $558 to $775 (based on approximately 322.5 million outstanding shares as of September 15).

Details: $350B (EV/Energy) + $500B (FSD) + $250B (Optimus) + $200B (xAI) = $1.3T baseline. Considering synergies (AI + Robotics + 10% FSD efficiency improvement) and risk discounts (regulation/competition), adjusted to $1.8T-$2.5T (lower bound $1.8T at 20x multiple/15% discount, upper bound $2.5T at 30x/10% premium). This is ~44% above the current $1.25T, reflecting incremental scenarios (FSD + integration contributing ~$0.55T).

[The calculation includes an optimistic premium for FSD adoption. Considering regulation, external geopolitical factors, and Elon's political involvement, I recommend lowering the estimate by $60, with $500 possibly being a short-term peak?]