Tesla, Inc. TSLA and its celebrated CEO Elon Musk has a cult following, and most supporters continue to place their trust in the electric vehicle maker’s stock Lean run 2022.

Musk is the new jobs: The Tesla story is just beginning called Keith Fitz Gerald, Director of the Fitz-Gerald Group in an interview with CNBC’s The Exchange.

“Anyone betting against Elon Musk might as well [have] bet against Steve Jobs back in the day,” said the Wall Street analyst.

“We know how this will develop. He unleashes incredible transformation in every industry he touches. He won’t be stopped anytime soon, he has enough money to do what he wants, he has a clear vision,” Fitz-Gerald said.

“I think, it [Tesla Stock] goes back to $300 a lot quicker than people think.”

Tesla has recovered about 60% in just 28 sessions in 2023. After surpassing $200 on Thursday and settling at $207.32, the stock retreated along with the broader market on Friday, buoyed by inflation fears.

On Friday, the stock closed at $196.89, down 5.03% Benzinga Pro data.

The trader’s price target of $300 suggests that the upside potential is 54%.

See also: Everything you need to know about Tesla stock

When asked why not take profits now or when the stock hits $250 or $280, Fitz-Gerald said it depends on a person’s risk tolerance and profit goals.

“I’m a big fan of it, when you have a double you take half and let the rest of the shares go for free. Now you’ve paid your initial investment, you’re still in the game, and you can add more later if you want,” he said.

Why it matters: The same sentiment regarding Musk and Jobs was expressed by Apple co-founder Steve Wozniak in a separate CNBC interview this week.

“I put them in the category of having communication skills and being seen as an important person and wanting to be like a cult leader,” Wozniak said, comparing the two tech titans.

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