Dan Levy, a senior analyst at Barclays, released the latest research report and pointed out that although Tesla's four-season performance was poor, investors were relatively tolerant of fluctuations in its short-term performance. This phenomenon can't help but remind people of Bitcoin. Tesla seems to be gradually moving towards "Bitcoin", and its stock price is gradually less correlated with fundamentals, and more influenced by market sentiment and narrative. In its report, Barclays noted that Tesla's stock currently trades at a price-to-earnings ratio of 120 times, indicating high investor expectations for its future growth, a phenomenon that suggests that its stock price relies heavily on Elon Musk's influence and the company's storytelling capabilities. Tesla is more of a "meme stock," whose share price is driven by a variety of technical factors (such as options, quantitative trading, and momentum investing), similar to Bitcoin's market performance.