Tesla sales are sliding globally, but its stock still trades like a technology giant. What's going on? The automaker's sales are plummeting in Europe, but its share price continues to outperform rivals. As my colleague Rob Stumpf explains, the key number to watch is the price-to-earnings ratio, which helps gauge whether a stock is overvalued, undervalued, or fairly priced. Tesla's P/E ratio is sky-high and analysts predict its stock could soar past $500 per share. That's because investors are ignoring Musk's political antics and betting big on Tesla's promise to deliver robotaxis and humanoid robots. Wall Street is wild, but it's worth noting that Tesla still needs its passenger car business to thrive. Its vision-based AI depends on real-world driving data. And on that front, the company has plenty of work ahead. —Suvrat Kothari, Staff Writer | 
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