Cheap? Tesla may not come to mind as being among the cheapest blue-chip stocks. After all, its forward-price multiple stands at just under 60 times earnings. And shares fetch nearly 13 times last year’s sales. Yikes, right? Not really.

Without controversy, when viewed in the context of its historical pricing and combined with TSLA’s superior profitability and growth prospects as the electric vehicle industry’s leader, the case for value is undeniable.

Right now, with a more meaningful market bottom appearing, TSLA’s influence, size and strong-looking weekly chart double-bottom variation make TSLA stock a terrific pick for investors to park capital in now.$Tesla Motors(TSLA)$