Tesla Stock a Must Own Though Valuation a Guesswork, Melius Says

Tesla Inc., the electric vehicle (EV) maker, has been the subject of much debate on Wall Street. According to the latest analysis from Melius, the company's potential to disrupt the auto industry makes it a "must own" stock. However, the analysts at Melius also acknowledge that justifying Tesla's trillion-dollar valuation remains a challenge. The report highlights Tesla's innovative technology and its ability to lead the EV market. The company's strong market position and its potential for growth are seen as key factors driving its stock performance. At the same time, the analysts at Melius note that the company's valuation is subject to significant uncertainty, making it difficult to determine a fair price for the stock. Overall, the report suggests that Tesla's disruptive potential makes it a compelling investment, but investors should approach the stock with caution due to the challenges in valuing the company accurately.