Possible Tesla Short

I started off my research looking at TSLA P/E ratio (1,112.95), to me, this is extremely overvalued for a company where 80% of their revenue is from cars. Now, you many argue that Tesla does more than just cars, and thats great. But, with all the competition Tesla has with companies like Porsche, Ford and others creating electric vehicles, too much of Teslas revenue relies on sales of vehicles. For every other Company in its market cap class, Tesla seems to destroy the average P/E ratio of about 35. Next I looked at the obvious fundamental change in momentum since February 2021. This shift in direction gives us a high probability chance in continuation. In all, I believe Tesla may see a pullback down to around $540 and possibly lower.