To The Moon

When there is hysteria in the market, sky-rocketinginflation, geopolitical risks and the slowdown of the economy can $Tesla Motors(TSLA)$ still update its historic high before global correction?

Fundamental indicators:

• Revenue and Profits - quarterlyearningsare beating wall street expectations
• Profit margin - getting into double digits with 17% however it's nowhere near enough effective with the current P/E
• P/E - outrageously high ratio of 92x but down from 953x back in December 2020
• Liabilities - no problems with debt

Technical Analysis (Elliott Waves):

• Since the fall of 2020Teslahas enjoyed enormous 1600% increase in share price - no one can deny that it's a bubble of extreme proportions
• The crux of theElliott Wavecount is the movement between January 2021 and February 2022 - in this scenario a Running Flat is proposed as wave 4 with Ending Diagonalin wave C
• As one of the options, fifth wave may be quite rapid with a target to complete before the next report in July 2022

What do you think about this scenario on Tesla?