Tesla is in a severe bear market as its founder Elon Musk sold more than $10 billion worth of stocks. In October of this year, Tesla reached a $1 trillion valuation and dipped below $1 trillion, and currently trading about 30% below its peak in November.
Musk is the wealthiest person with $300 billion worth and was named the person of the year by Times and British newspaper Financial Times. He lost some of those $300 billion in recent weeks.
Tesla is way overvalued.