The problem with Tesla is that with the shares being as expensive as they are, pretty much everything has to go perfectly moving forward. There is no room for any missteps as the expectation of future success has already been reflected in the share price.

I feel that this is something most Tesla bulls misunderstand. No one is disputing that Tesla is (at least for now) the most prolific EV company, and is involved in many industry sectors with high potential growth. The question really is, is this expectation of future potential earnings really worth the eye-watering valuations that the market has assigned it?