Part 2/10:
Interestingly, Tesla’s share price has dipped recently, causing Tesla’s forward price-to-earnings (PE) ratio to fall to 35x, its lowest since the COVID-induced market collapse of early 2020. Black notes that such a valuation appears irrational given Tesla’s projected growth, and many investors share this sentiment. The current dip presents an opportunity for those bullish on Tesla to accumulate more shares at attractive valuations.