Take out a d and I agree. A P/E of ~44 is ridiculous for a high-volume car manufacturer. Subaru has a P/E of 13.4, Nissan is 10.7.
Aside from that, Elon seems determined to drive Twitter into the ground and is selling tons of stock as a result, although he claimed earlier this year - in a major announcement - that he was done selling shares for the year. That in itself could trigger (yet another) investigation by the SEC. Tesla's reputation is taking a huge hit from all of Elon's online antics and that shows no sign of improving.
He's also stripping key people from Tesla to try and salvage something of the now-barbecued bird he overpaid for. And he's facing a class-action lawsuit from Tesla buyers who are tired of him overpromising his Autopilot and full self-driving vaporware.
If you bought shares early and cheap, you're free to hodl, but anyone buying the dip right now risks falling into a bottomless pit.
Just my 2 euro-cents.