Part 5/11:

Tesla's price-to-earnings (P/E) ratio, now at around 327, highlights how speculative the stock has become. To put this into perspective, the P/E ratio was once as low as 50-60 during times of market skepticism. Today, Tesla's valuation rests largely on faith in future technological advancements rather than current profitability, making it more akin to a growth or tech stock rather than a traditional automaker.