1 Chart That Shows Why Tesla Is Still Overvalued

Weakness in the EV market could spoil Tesla's recent recovery.After a forgettable 2023, Tesla (TSLA -1.14%) finally scored some redemption in its third-quarter earnings report last week.The stock soared 22% in a single day on Thursday, its best one-day performance in years as it overcame tepid sales growth in its automotive division to post strong profit growth. Operating income jumped 54% to $2.7 billion.That performance was driven by strong increases in its energy generation and storage business and its s ...