$Tesla (TSLA.US)$ The hype of Elon’s new role in the upcoming administration is dying down, investors start to reliaze that Tesla is a car company not Elon Musk’s toy. Elon’s new role is not necessary a big good news to Tesla and instead a double edge sword.

$Tesla (TSLA.US)$ when grwoth is short of expectations, then PE should fall back to a normal range, before other good news come out (auto taxi, robot, you name it). So I  expect Tesla’s PE should return to 50-70 (still considered a higher range), which lead the stock price to return to $188-$263