Just for fun, I'm giving very serious thought to purchasing out of the money long dated puts on Tesla?

Tesla has increased production, sales, and top-line revenue by ~50%/year for quite a few years. With a few Gigafactories still ramping up and more Gigafactories breaking ground, and more models of cars and trucks waiting to be built, it is hard to see them stopping this any time soon.

A PE of 75 now is something like a PE of 20 on 4 year forward earnings. Unless the next 4 years are somehow wildly different than the last 10 years.

Tesla has relatively recently become the owner of the single largest selling car model in the world (Tesla Model Y). And a pile of other EV makers has recently announced agreements with Tesla to use Tesla's charging network and the charging method Tesla developed, which they are now branding as a standard.

I am long TSLA myself, but mostly with straight stock instead of leveraged options since the cost of leverage has increased and the rise of TSLA stock to track its business seems to be somewhat volatile.

But I'm not doing it "Just for fun", maybe that's the difference?

R:)