The latest TSLA current stock price of $199.54 puts the market cap near $635 billion. At this valuation, forward P/E stands around 56, significantly above the Nasdaq 100 median, which intensifies debates on growth sustainability. Tesla, Inc. (NASDAQ: TSLA ) is one of the Top AI Stocks in the Spotlight on Wall Street . On September 26, Deutsche Bank analyst Edison Yu raised the price target on the stock to $435.00 (from $345.00) while maintaining a Buy rating. Investors should be prepared for lumpy sales results. Prospective EV buyers may have accelerated their purchase plans in order to take advantage of tax incentives before they expired in September. This could make next quarter's results look promising. But investors should expect a steep drop-off in sales in the quarters to follow. TSLA current stock price around $199.54 is supported by consistent institutional buying in Q1, but slowing growth in China deliveries might limit near-term upside potential.