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After Trump's victory, Tesla and BTC's performance far exceeded that of the P&500, but valuation issues have become increasingly complex

2024-11-28 12:14

Odaily Planet Daily News: Since Trump's victory, Tesla and Bitcoin have far outperformed the S&P 500 index, rising 35% and 39% respectively, while the S&P 500 index has only risen 5%. Despite clear narratives behind each, valuation issues have become increasingly complex. Tesla's stock price increase is partly attributed to the possibility of President Trump abolishing the electric vehicle subsidy policy after his election. As a leader in the electric vehicle industry, Tesla may benefit from this, which analyst Dan Ives said will be a major competitive advantage for Tesla. The valuation of Bitcoin is more complex, although some experts predict that its future price will reach $3.8 million, there are also investors like Warren Buffett who believe that Bitcoin will eventually return to zero. Some analysts warned that investors should be alert to market foam. Robert Teeter, Chief Investment Strategist of Yinfeng Asset Management, gave an example that Andy Warhol once transformed everyday objects such as steel velvet brushes into art and achieved significant appreciation. Therefore, today's investments may also have similar appreciation potential. (Barrons)

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