Tesla’s fourth-quarter results fell short of expectations, yet shares rose on the company’s optimistic outlook on robotaxis, AI, and humanoid robots. Analysts expressed frustration over the growing disconnect between Tesla’s fundamentals and its valuation, with one noting the company’s narrative has “supercharged command” and another stating the stock is “completely divorced from fundamentals.” One observer criticized Tesla’s poor earnings, suggesting its valuation hinges on ambitious visions rather than fundamentals, and likened the market environment to speculative bubbles where assets with no intrinsic value are still being bought.