It's hard to understand Tesla's stock price.
Earnings per share attributable to common stockholders (past 12 months, non-diluted) is $1.74. The stock currently trades for $284.95. The P/E ratio of 163 implies tremendous growth. But their Q1 revenue is down 9% year over year, their gross margin percentage is down, while their operating expenses are up. And, without getting into politics, the CEO has spent the past few months alienating the core demographic for their product.
I realize Tesla has been overvalued based on "traditional" metrics for several years now, but the stock price has only increased since their terrible Q1 results were released.