Part 7/11:
Leo suggests that Tesla’s current market cap could fall further—potentially by another 50%, bringing it down to roughly $200 billion. Yet, even at such a valuation, Tesla remains a colossal enterprise. Based on forward P/E ratios, Tesla could be undervalued if its stock dips below $200 billion, a level comparable to Toyota, which trades at a P/E of around 10 despite its enormous debts.