According to online reports, Barclays senior analyst Dan Levy released the latest research report, pointing out that although Tesla's four-quarter report performed poorly, investors seem relatively tolerant of fluctuations in its short-term results. This phenomenon cannot help but remind people of Bitcoin. Tesla seems to be gradually moving towards "bitcoin", and the correlation between its stock price and fundamentals is gradually weakening, and is more influenced by market sentiment and narrative. Barclays mentioned in the report that Tesla's stock currently trades at a price-to-earnings ratio of 120 times, indicating investors 'high expectations for its future growth. This phenomenon suggests that its stock price relies heavily on Elon Musk's influence and the company's narrative ability. Tesla is more like a "meme stock", and its share price is driven by a variety of technical factors (such as options, quantitative trading, and momentum investing), which bears similarities to Bitcoin's market performance.