As of Q4'25, TSLA's P/S Ratio reached 58.35, marking a dramatic surge compared to previous quarters. This latest data point represents a significant jump from Q3'25, where the P/S Ratio stood at 15.61. Over the period from Q1'23 to Q4'25, the P/S Ratio exhibited considerable volatility, with values generally fluctuating between 5.46 and 15.61 before the sharp escalation in the final quarter. Notably, the ratio remained relatively stable in the single-digit range through 2023 and early 2024, followed by a gradual increase in 2025 and culminating in an abrupt spike in Q4'25, indicating a substantial shift in market valuation relative to sales during this period.