Tesla's recent financial results show a year-over-year revenue decline of 3% to $25.3 billion, with gross profit decreasing by 20% to $5 billion. Operating expenses increased by 39% to $3.6 billion, leading to a drop in operating income by 11% to $1.4 billion and a reduction in operating margin to 5.7%. Net income attributable to common stockholders decreased by 61% to $840 million, or $0.24 per share. Free cash flow also saw a decline of 14% to $2.4 billion, while cash, cash equivalents, and investments grew by 21% to $44 billion. The company's high valuation, with a P/E ratio of 379.49 and forward P/E of 248.75, is not supported by its current earnings, suggesting the market may have already priced in future growth and potential successes in AI and robotics, making the stock appear overvalued based on current fundamentals.