Tesla Inc (TSLA · NASDAQ)

Tesla's valuation remains extreme relative to its fundamentals, with a $1.51T market cap trading at a P/E of 354.35, EV/EBITDA of 122.54, and a PEG of 4.544, while operating margin sits at just 1.4% and free cash flow was negative $1.09B in the June quarter as capex ($5.79B) outpaced operating cash flow ($4.70B). Revenue grew 25.5% YoY to $103.62B TTM and the June quarter showed sequential improvement (revenue $28.24B, net income $1.11B vs. $491.0M in March), though earnings still declined 3.0% YoY and the company has beaten estimates in three of its last four quarters. The stock closed at $382.70, up 2.1% on the day and 4.7% over the past month but still 21.9% below its 52-week high and 2.0% under its 200-day SMA, versus an analyst target of $396.57. China-made sales rose 5% in September to 95,366 units, extending Shanghai's growth streak to 11 months, even as Tesla rebranded "Full Self-Driving" in Europe amid regulatory concerns.