Tesla’s P/E ratio is currently 365. They have less than 1% market share, and declining, weak profits, products that seem to be suffering from weak updates and brand harm due to Elon’s politics, and competitors outpacing them from all sides.

Toyota’s P/E is under ten. They’ll make more money selling cars this quarter than TSLA will in ten years.

TSLA prices have never been within an order of magnitude of reasonable. They’ve been publicly traded for so long that some of the people legally driving them weren’t born when they IPOed. They’re not a startup and haven’t been in a while.