TSLA 近 2 万亿美元的估值已计入过度乐观情绪，限制了上行空间并抬高了风险。

This is what I see with companies like SpaceX or Tesla . There is a lot of enthusiasm already factored into the stock price. Of course, these are great companies with enormous potential, but their valuations are already approaching $2 trillion, and therefore they already incorporate a lot of hope and excitement into the share price, reducing the gains for investors while the risks keep increasing .