The price-to-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings (EPS). The price-to-earnings ratio is also sometimes known as the price multiple or the earnings multiple. The current P/E (Price/Earnings ratio) of Tesla has been around 1100-1200. Is this fair valuation of Tesla stock? Discuss in not less than 200 words.