Not yet. But Tesla's P/E is 147 now at this quarters' rate of profit.
That's nothing for a company growing revenues at over 50% while still increasing its margins.
Also, Tesla is still production limited (i.e they would steal their competitors' market share if they have a few plants available). The only market where Tesla is not growing its share steeply is where they decided not to prioritize sales. Just look at the Model Y sales in Europe where they finally to make deliveries.
Tesla don't even have a pickup to sell yet, which is USA's #1 model.
That's nothing for a company growing revenues at over 50% while still increasing its margins.
Also, Tesla is still production limited (i.e they would steal their competitors' market share if they have a few plants available). The only market where Tesla is not growing its share steeply is where they decided not to prioritize sales. Just look at the Model Y sales in Europe where they finally to make deliveries.
Tesla don't even have a pickup to sell yet, which is USA's #1 model.