Tesla Inc (TSLA · NASDAQ)

Tesla shares closed at $382.70, up 2.1% on the day and 4.7% over the past month, though the stock remains 21.9% below its 52-week high and 2.0% under its 200-day moving average. The valuation remains extreme relative to fundamentals: a P/E of 354.35, EV/EBITDA of 122.54, and price-to-sales of 14.59 against an operating margin of just 1.4% and ROE of 4.7%. Free cash flow turned negative at -$1.09B in the June quarter as capex of $5.79B exceeded operating cash flow of $4.70B, though the balance sheet stays solid with $15.22B in cash against $9.34B in total debt. Revenue grew 25.5% year over year while earnings declined 3.0%, and the company beat estimates in three of its last four quarters, most recently reporting $0.33 versus $0.32 expected.