特斯拉——初代“网红股”强势回归！

Core Viewpoint - Tesla is experiencing a strong rebound in its stock price, driven by Elon Musk's renewed focus on the company and optimistic market expectations for upcoming delivery data [1][5][6] Group 1: Stock Performance - Since the end of August, Tesla's stock price has surged by 34%, significantly outperforming the S&P 500's 3% increase during the same period [1] - The stock's current valuation has reached a staggering 180 times the expected earnings per share for 2026, indicating a potential bubble [4][10] Group 2: Market Sentiment and Speculation - The recent price surge is not solely based on fundamentals; speculative factors such as massive options trading and retail investor enthusiasm have amplified market optimism [4][6] - The average daily nominal trading volume of Tesla options has reached approximately $130 billion over the past two weeks, reflecting strong investor interest [6] Group 3: Delivery Expectations - Barclays analysts project Tesla's Q3 delivery volume to be between 465,000 and 470,000 units, significantly higher than the consensus estimates of 435,000 to 443,000 units [5] - Positive sales trends in the Chinese market and inventory depletion in the U.S. due to tax credit adjustments are key drivers for the anticipated delivery numbers [5] Group 4: CEO's Influence - Musk's increased involvement in Tesla, including a $1 billion stock buyback and active social media engagement, is seen as a crucial factor in the stock's recent performance [5][6] - The upcoming annual shareholder meeting on November 6 is generating excitement, with expectations for ambitious growth plans to be unveiled [5] Group 5: Comparison with Tech Giants - Tesla's stock has outperformed other major tech companies in recent weeks, narrowing the gap with peers like Nvidia and Meta, despite still lagging behind in year-to-date performance [7] - Some funds have shifted from other tech giants to Tesla, contributing to the recent price increase [7]