Tesla Earnings Could Push TSLA Above $300 This Week

Tesla earnings could push TSLA above $300 this week, especially with Cybertruck production starting. But with TSLA stock at a forward PE ratio of 80, Tesla would have to generate a 400% increase in year over yearning to grow into its current valuation. Any increase in earnings less than 400% means Tesla stock is overbought. Any fair and accurate Tesla stock analysis must consider this fact. And that’s why despite the positive Tesla stock news today, Tesla shares appear to be overbought and overvalued, which means any accurate Tesla stock prediction will consider the possibility of Tesla shares dropping after earnings rather than rallying.

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