Musings on Markets: Tesla's Trillion Dollar Moment - A Valuation Revisit

Damodaran provides a comprehensive DCF valuation of Tesla as it crosses a $1 trillion market capitalization, concluding the stock is overvalued at ~$571 per share versus the current market price. He argues Tesla's value derives primarily from automotive revenues and profitability potential rather than speculative narratives, while acknowledging the stock trades on momentum rather than fundamentals.