Tesla was incorporated in the State of Delaware on July 1, 2003, and converted to a Texas corporation on June 13, 2024. The company is primarily engaged in the design, development, production, and sale of high-performance electric vehicles and advanced electric vehicle power system components, and also provides third parties with research, development, and contract manufacturing services for electric vehicle powertrains. Tesla electric vehicles meet the highest standards in the automotive industry in terms of quality, safety, and performance, and offer services such as the most cutting-edge over-the-air upgrades and comprehensive charging solutions; they also reduce global transportation's reliance on non-renewable energy and truly achieve zero emissions. The company also manufactures and sells energy storage products for home, industrial, and utility use.
Tesla exhibits bearish technical characteristics with clear downward trend alignment and multiple resistance levels overhead, recommending Hold for current holders and Wait for new entries.
Tesla appears significantly overvalued with extreme multiples including dynamic PE of 412.00, TTM PE of 388.13, PB ratio of 17.93, and PS ratio of 16.07, trading at a 25-35% premium to fair value despite deteriorating fundamentals.
