I rarely see $Tesla(TSLA.US) bulls on X posting on whether TSLA is cheap or expensive. It seems that since they love the products and leadership team they don’t care about the valuation. But at a 2026 P/E of 200x and long-term expected growth of +35%, it will be hard for an investor buying today to make money at TSLA’s current valuation (5.7x PEG; avg Mag 8 stock 2.4x PEG). For those who say valuation doesn’t matter, remember this basic rule of investing: Loving the product doesn’t mean you should love the stock.