Tesla designs, manufactures, sells and leases electric vehicles and energy and storage systems. At this point TSLA can be valued based on earnings and they are expected to steadily grow. Tesla is a very loved brand, and electric vehicles are expected to grow very fast in the coming years. However some competitors are catching up and that might make it harder for Tesla to maintain its dominance in the space. Tesla is fairly valued at around $280 if we take into account the earnings that it is expected to produce, the scale that it has built, and technology that it owns. It is worth keeping an eye on and see how things develop. The uncertainty of the valuation here is high and could change very quickly for better or worse. Valuation wise I am a nonparticipant at these prices. 

Technicals: TSLA might be trading in a range between $215 and $340 in near term, but this will all depend on the overall market, and of course if there are any major changes to fundamentals. I will be watching from the sidelines but might dip my toes through LEAPS if there is a set up in technicals as the long term story here is compelling and funds will continue to add to their positions.