"Tesla, Inc. (NASDAQ:TSLA) Soars as Price Hits the Mark"
Tesla, Inc. (NASDAQ:TSLA) has a high price-to-earnings (P/E) ratio of 64.5x, indicating that investors are expecting strong future growth and are willing to pay more for the stock. While the company's recent earnings have declined, its three-year EPS growth has been impressive at 1,686%. Analysts forecast a 18% annual growth for the next three years, higher than the market average of 13%. Despite the high P/E, shareholders seem confident in the company's future earnings and the stock's price stability.