Analysts say Tesla’s stock price has been seriously overvalued and is already in the bubble range.

Vitaly Kalesnick, a partner of Research Affiliates, an investment research company, said today that Tesla’s stock price is currently too high and is already in the bubble range compared with its performance.

Kalesnik believes that considering Tesla’s sales, car production data and other fundamental factors, Tesla’s current share price is already too high.

To justify Tesla’s current valuation, we need very radical assumptions to do so.