Teslas forward P/E, which is way more indicative of the future of the company, is 51: https://finbox.com/NASDAQGS:TSLA/explorer/pe_fwd#:~:text=Tesla's%20p%2Fe%2

Teslas forward P/E, which is way more indicative of the future of the company, is 51: https://finbox.com/NASDAQGS:TSLA/explorer/pe_fwd#:~:text=Tesla's%20p%2Fe%20ratio%20(fwd)%20is%2056.0x https://finbox.com/NASDAQGS:TSLA/explorer/pe_fwd#:~:text=Tes.... I admit Q2 will be lower than Q1, but Q4 this year will likely see an even lower forward P/E if price remains the same. Sure, they could be overvalued, I'm just trying to explain why it's valued as it is for those that think it's "insane". Mercedes hovers around 5 because many investors believe they could go bankrupt if they can't successfully transition to EVs. GM, for example, will very likely go bankrupt (again). Many others as well.