Write a paragraph summarizing Teslas valuation based on market multiples. Is there any upside potential for Tesla?

In your valuation please show your steps when calcuating the:

- Estimate future expected earnings per share.

- Estimate the forward P/E

- Stock price

Additional Information:

Assume todays date is November 5, 2020.

Average EPS estimate of 21 analysts: $3.87 for Dec FY21

Average EPS estimate of 33 analysts: $3.47 for Dec FY21

Closing stock price on Nov 5, 2020 is $438.09

\begin{tabular}{lccc} \multicolumn{1}{c}{CompanyName} & EarningsperShareFY1 & PricetoEarningsFY1 & FY1Date \\ \hline Tesla & 2.18 & 193.26x & 12/2020 \\ \hline Daimler & 2.51 & 22.36x & 12/2020 \\ \hline Volkswagen Vz & 10.93 & 14.15x & 12/2020 \\ \hline BMW & 5.94 & 12.32x & 12/2020 \\ \hline Ford Motor & -0.14 & - & 12/2020 \\ \hline & & & \\ \hline Industry Average & 4.81 & 16.28x & \\ \hline Industry Median & 4.23 & 14.15x & \\ \hline \end{tabular}