Tesla impresses with positive quarterly report and causes a stir on the stock market.

The recently released quarterly figures of the electric vehicle manufacturer Tesla have caused a stir, as the company recorded one of its biggest price jumps of the last decade. The Tesla stock rose by an impressive 23%, primarily due to improved margins and an optimistic forecast. However, despite these positive developments, Wall Street remains divided on Tesla's inclusion in the 'Magnificent Seven,' a group of market-dominating tech giants. In addition to Tesla, NVIDIA, Apple, Alphabet, Amazon, Meta, and Microsoft are part of this exclusive circle, which is currently preparing for growth of 18.1% in quarterly earnings year-on-year. While Tesla's profits in the third quarter increased by 17%, showing a remarkable upswing after two weaker quarters, analysts are cautious about Tesla's long-term positioning among the tech giants. Doubts mainly arise from overvalued fundamentals and unmet expectations regarding robotaxis. Tesla's valuation remains a critical issue, as with a P/E ratio of nearly 115.54, Tesla's valuation far exceeds that of the other tech giants. This is a risk also reflected in the average recommendation rating, which, at 2.96, represents the lowest value within the 'Magnificent Seven.' Additionally, analysts foresee a decline of 23.4% to an average price of $206.22, further exacerbating investor uncertainties.