Tesla(US:TSLA) 智通财经网·2025-09-16 08:03Core Viewpoint - Tesla's stock price has surged due to optimism surrounding CEO Elon Musk's unprecedented $1 trillion compensation plan and his recent $1 billion stock buyback, despite ongoing challenges in its electric vehicle (EV) business [1][4]. Group 1: Stock Performance - Tesla's stock rose 3.56% to $410.04, marking its first time above $400 since February, with an intraday high of $425.70 [1]. - The stock experienced a significant increase of 7.36% the previous Friday, driven by the board's support for Musk's compensation plan [1]. - Over the past five trading days, Tesla's stock has increased by 11%, with a relative strength index (RSI) of 74.84, indicating it is in an overbought condition [5]. Group 2: Business Challenges - Tesla's market share in the U.S. fell to a near eight-year low of 38% in August, down from a peak of 80% in 2019, indicating ongoing pressure in its core EV business [1][4]. - The company is expected to face further challenges as it will lose federal tax credits at the end of the month, and the new Model Y has not met high market expectations [4]. - Analysts suggest that the stock's rise above $400 is more a reflection of trust in Musk rather than solid fundamental support, as the growth in autonomous taxi and robotics businesses is insufficient to offset the slowdown in EV sales [4]. Group 3: Future Plans and Innovations - Tesla's "Master Plan Part IV" outlines a vision to integrate artificial intelligence into products and services, aiming for a sustainable future [4]. - Musk emphasized that autonomous driving and the Optimus robot will be the company's top priorities, with expectations that 80% of Tesla's future value will come from the Optimus robot [4]. - The company has launched Robotaxi services in select regions, with plans to expand to Nevada, Florida, and Arizona, potentially offering a competitive pricing advantage over rivals like Waymo [5][6]. Group 4: Valuation Metrics - Tesla's forward price-to-earnings (P/E) ratio stands at 233.80, significantly higher than the sector average of 18.06, reflecting its unique market position and transition phase [8]. - Despite high valuations, analysts believe that Tesla's pricing may not follow conventional logic due to its ongoing transformation from an EV manufacturer to a broader AI and robotics company [8].