No wonder it is overvalued

To be honest I do not personally trade stocks and indices, but I sure can let you guys have my insight on it.

With a P/E of 61+ and a P/B of 12.2, Tesla is extremely above the mark where it should actually be.

This recent weekly bounce is the evidence that Tesla has gained above the real valuation and it might undergo a fall. Therefore, my opinion on Tesla is that it should go <200 again around 170 where the most recent demand area exists.

For those who trade it, you should be confident to short it but please I request again and again, ensure proper risk management!