As you can see we arrived to an interesting part of TESLA price... We have recently seen a huge rise in the price of the Tesla, which is almost looks like a bubble. However, there are several signs that this rise is over and the correction is beginning. At the H4 time plane, peaks have already begun to decline and there is a narrowing of the exchange rate from which a huge movement is expected in either direction - as the uptrend has been going on for quite some time, a depth correction is likely to follow first to Fibo 61.8 , if calculated from the H4 correction. The other option is that the correction doesn’t go deeper, bursts up again, and Musk remains the richest man in the world.
I agree with you here. The EV sector has reached an enormous market cap while making nearly no returns. Even in the future, Tesla will still have a P/E ratio around 140 and NIO about 250. If you own Tesla, hold it, but don’t get in at these levels. Tesla’s fair value is at about 250$