Analysts are setting price targets of 1200 to 1400. Growth stocks have higher multiples to account for their future earnings. If by your logic, every stock should only have 20 PE multiple then you wouldnt even have bought amazon, apple back when they were still growing.
Find me a 20 or 40 PE stock that's growing 88% YoY? Tesla just grew 88% on deliveries YoY and you think it deserves a lower than 40 PE ratio?
What's expensive and what's cheap doesnt seem that straightforward based on your boomer mentality of buy only at 20 PE multiple.
How does it feel to get slaughtered again last night?
I am boomer mentality? I am not even 40 yet. I started buying AMD from the time its below $2 so I know more about growth stocks than you.
I also know sentiments is the single most important factor. Going against the market sentiment is just looking to get yourself slaughtered. Forward PE is still over 100, this stock still has room to fall.
AMD has grown revenue by 65% in 2021 with a PE ratio of less than 50, it also got slaughtered by the market.
I am just reminding you guys sentiments is against high valuation stocks, you will get slaughtered for the next 3 months until the interest rate rise start going and market stabilised. There is no hurry to rush in, I believe USD500 is a reachable target for Tesla. 3 months options is a better way to play this game.

