$Tesla Motors(TSLA)$Price now at $700 is still overpriced. Look at its PE ratio at 95 itstoo high. A good PE ration is around 25 to 35. Anything with PE above 35 is too ex for me. You can't just base how much percentage% it have fallen from previous high.
And this current price is still on future projection. Nothing is proven yet. There are majorcar makers that can easily switch to making more EV and grab a big share of Tesla EV market. Because not everyone wants to own aTesla.
Yup you can still argue that Tesla is not onlya auto car marker. It is a Tech company withSpace Ex and future driverless car. It's still too early. I shall wait for it to go down to a fair value, don't want to FOMO.
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