Is Tesla Stock Still a Millionaire Maker?

Core Viewpoint - Tesla has experienced significant fluctuations in its stock performance throughout the year, influenced by various factors including regulatory expectations and product innovations [1][2][3]. Group 1: Stock Performance and Market Sentiment - Tesla's stock has rebounded nearly 28% this year, driven by investor enthusiasm for its full self-driving technology and the launch of its robotaxi fleet [3]. - The stock is considered a battleground on Wall Street, with differing opinions on its valuation; it currently trades at 296 times forward earnings estimates [3]. - Ark Invest's Cathie Wood has set a 2029 price target of $2,600 per share for Tesla, suggesting a potential upside of 436% from its December 25 price [4]. Group 2: Product Innovations and Future Prospects - Tesla is not only focused on electric vehicles but has also launched robotaxis and is planning large-scale production of humanoid robots, positioning itself as a leader in artificial intelligence [7]. - Some investors view Tesla as one of the most innovative AI companies globally, despite its high valuation [7].