You are analyzing the price of Tesla stock $($TSLA$)$ today:

Experts project that next year's annual dividend $($D$1),$ will be $$0\mathrm{.}70.$ For the next $5$ years, dividends will grow by $13\mathrm{.}0\%$ per year. Assume the dividend in year $6$ is expected to grow from D$5$ at the rate of $9\%,$ and all subsequent dividends until year $15$ will grow at $9\mathrm{.}0\%$ Assume the dividend in year $16$ is expected to grow from D$15$ at the rate of $5\mathrm{.}0\%,$ and all subsequent dividends will grow at $5\mathrm{.}0\%$ for the rest of the stocks lifetime.

Assume that the risk free rate is equal to $5\mathrm{.}0\%$ per year forever, and that the market risk premium from $2024$ will stay constant forever as well. Assume the measure of economy wide risk exposure TSLA will stay constant forever as well.

Based on the above, do you conclude that TSLA stocks are overvalued $($shareholders should sell$)$ or undervalued $($investors should buy$)?$

Explain your reasoning in $3-4$ sentences.