I have no clue, and I don't trust that at all. I could see TSLA back at $190, maybe? It's at $167 today. Analysists are calling it "hold" for now. I suspect they are right.
At $140 a couple of weeks ago, it may have been a "buy" opportunity.
I can't see it at 190. I can't see it at 140, quite frankly. Which doesn't mean that it won't be there. It means that there are no fundamentals that I can see that make it worth that.
That's a higher forward PE ratio than AMZN, AAPL, and GOOG. Which are all tech companies.
The only reason you buy a stock with a forward PE of 62 is because you think their earnings are going to the moon. Which makes no sense for Tesla because they're no longer the only game in BEV town.
