Barclays analyst: TSL seems to be gradually moving towards 'bitcoinization'

Golden Finance reported that Barclays senior analyst Dan Levy released a latest research report, pointing out that although TSL's performance in the quarterly report is not good, investors are relatively tolerant of the Fluctuation of its short-term performance. This phenomenon cannot help but remind people of BTC. TSL seems to be gradually moving towards 'BTC-ization', with its stock price becoming less correlated with fundamentals and more influenced by market sentiment and narratives. Barclays mentioned in the report that the current P/E ratio of TSL's stock is as high as 120 times, indicating investors' high expectations for its future growth. This phenomenon suggests that its stock price is heavily dependent on Elon Musk's influence and the company's narrative ability. TSL is more like a 'meme stock,' and its stock price is driven by various technical factors such as options, quantitative trading, and momentum investment, similar to the market performance of BTC.