P/E Ratio in a Possible Recession EnvironmentGrowth stocks continue to get pummelled much like they did in 2000 and 2009. Tesla is a growth stock with a P/E of 80 and a forward P/E higher than 80. I agree they are a ground breaking company but with competition from every other auto maker who will offer EVs at lower prices than Tesla, their revenue will shrink and earnings will shrink into the future. A reasonable P/E for this stock in this environment is 30 my opinion. That's 2.5 times lower than the current price of $205 or $77.