if someone wanted to claim tesla stock is overvalued, this might be one good place to start.
If people want to claim that Tesla stock is overvalued, that is not because of what they do, it is because what they claim they will do and I do agree with that.
I do not think that Tesla price being overvalued is a problem, there are so many stocks in the world that are overvalued because people keep investing into stocks and some of them are at the top, Amazon for example was overvalued for over a decade because it was a company that did not profited, and yet people still valued it so high, all because the potential of what it may do, well it did it now and it went up even more than expected which means it is overvalued even after profiting.
Think of these both (and many other) companies as these numbers (numbers are made up, but it is just example), you pay 1 dollar to a company because it will be 5 dollar in the future but right now it should be valued at 0.50 dollars, then one day it does become 5 dollars and you tell people "see I told you so", just because it reached 5 dollars doesn't mean you bought it too expensive at that time.