Tesla's Stock Continues to Soar Amid AI Dreams and Positive Projections.

While Tesla's CEO, Cathie Wood, believes that the company's AI technology will help its stock price rise to $2,000 by 2027, many on Wall Street believe that the potential is already priced into the company's rich valuation. Tesla's stock is currently trading at about 61 times forward earnings, compared to the mid-to-high single-digit multiples of auto stalwarts General Motors and Ford. Despite Tesla's ambitious AI projects, such as self-driving cars, the stock's hefty valuation premium leaves little room for investors trying to get in on the ground floor of an emerging new technology.