@CNBC should make their commentators take a basic finance course before being allowed to comment on growth stock valuations like $TSLA. @CNBCnow talking heads keep saying TSLA wildly overpriced and then blindly use 2020 P/E to back up their assertion. @jimcramer @davidfaber

2/ I don’t know a single growth manager who uses FY’20 P/Es to value growth stocks. They use present value or go out at least 3-5 years. Why? Because growth stocks by definition have long runways, or proprietary tech that is just now disrupting. $TSLA value is in the tail.

3/ $TSLA is not overpriced if one uses basic valuation principles that growth shops use for selection. At $650, TSLA trades at 68x my FY’22 EPS, and 44x my FY’23 EPS. That compares to 5-yr volume and EPS growth of 50%+, or 1x PEG. There are few mega cap growth stocks that cheap.