Realistically, Tesla sells a lot of cars overseas, so this price more likely represents them hitting ~20% of US sales. The energy side increasing volume with in-house cell manufacturing and/or supplying other OEMs could also change where they need to be with vehicle deliveries to hit a PS ratio in line with established companies.
Their current price to sales ratio is ~6x less than a mature company like Amazon.
https://ycharts.com/companies/AMZN/ps_ratio https://ycharts.com/companies/TSLA/ps_ratio
To reach the same price to sales ratio they would need to go from ~250,000 vehicles/quarter to ~1,500,000 vehicles/quarter, which is ~44% of US sales.
https://www.cnbc.com/2021/09/30/us-auto-sales-forecast-to-pl...
Realistically, Tesla sells a lot of cars overseas, so this price more likely represents them hitting ~20% of US sales. The energy side increasing volume with in-house cell manufacturing and/or supplying other OEMs could also change where they need to be with vehicle deliveries to hit a PS ratio in line with established companies.