Their revenue is flat for last 4 years. They have established their status outside top 10 manufacturers and losing EV market share to Chinese and Europeans.

  Car revenue: -11%
  operating margin: 3.86%
  Free cash flow -30% 

Tesla PE > 280 is magic. Now they are "pivoting" to Cybercab, humanoid robots and investing billions into xAI. Jumping from hype-trend to next without any problem is impressive. Fair valuation always in the future.