ChainCatcher news, Barclays senior analyst Dan Levy released the latest research report pointing out that although Tesla's quarterly report performed poorly, investors seem relatively tolerant of its short-term performance fluctuations. This phenomenon inevitably brings to mind Bitcoin, as Tesla appears to be gradually moving towards "Bitcoinization," with its stock price increasingly disconnected from fundamentals and more influenced by market sentiment and narratives.Barclays mentioned in the report that Tesla's stock currently has a price-to-earnings ratio as high as 120 times, indicating that investors have high expectations for its future growth. This phenomenon suggests that its stock price largely depends on Musk's influence and the company's narrative capabilities.Tesla is more like a "meme stock," with its stock price driven by various technical factors (such as options, quantitative trading, and momentum investing), showing similarities to the market performance of Bitcoin.