Tesla Stock Is Rising. Its Valuation Problem Will Get Worse. - Barron's

1. Tesla stock rose 44% since first-quarter earnings on April 22. 2. Analyst predicts worsening valuation issues despite maintaining a Buy rating. 3. TSLA currently trades at 172 times estimated 2025 earnings. 4. High market valuation is driven by AI and robotics investments. 5. Potential valuation of non-automotive businesses could reach $1.4 trillion.