Opinion: The "Meme-ification" of Tesla's stock price politicization is illogical

According to Fortune, after Trump's election victory, Tesla's stock price has risen by 31%, with a market value surge of $250 billion. This astonishing increase prompted some Wall Street insiders to issue warnings because Tesla's current stock price is already 28% higher than the average analyst target price, the highest level since the tech stock boom following the pandemic in 2021. As of this Tuesday's close, Tesla's P/E ratio was as high as 104 times future earnings, far higher than the median multiple of traditional car manufacturers and an average level of "Big Tech Seven" at 32 times.

Adam Sarhan, founder and CEO of 50 Park Investments said that he remains optimistic about Tesla’s long-term prospects but still pointed out that “after Trump’s election victory, the market reaction to Tesla was explosive. Although Trump administration may indeed bring some benefits but currently it seems a bit overheated in short term." 
"This round of rise seems unsustainable even if you believe in this stock’s long-term growth story," said David Wagner from Aptus Capital Advisors who is also a long-term investor in Tesla. He added that "the politicization and 'meme-ification' of Tesla’s share price doesn’t make sense."