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Aditya Raghunath

Tesla Sales in China Are Popping, But That Means Nothing If You Can’t Stomach TSLA Stock’s Absurd P/E Ratio

Tesla Inc. China CNBC Elon Musk NIO

Here is my take before the details. I think Tesla (TSLA) stock still belongs in a long-term investor's portfolio, but only for those who can stomach an elevated price-to-earnings multiple.

The China sales pop and the worldwide rollout of its driving software strengthen the bull case. Yet TSLA stock trades at a punishing valuation. So, I view Tesla as a name to accumulate on weakness.

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