Tesla - Hype Continues with Potential 70% Upside?

When there is hysteria in the market, sky-rocketing inflation, geopolitical risks and the slowdown of the economy can TSLA still update its historic high before global correction?

Fundamental indicators:

• Revenue and Profits - quarterly earnings are beating wall street expectations
  
• Profit margin - getting into double digits with 17% however it's nowhere near enough effective with the current P/E
  
• P/E - outrageously high ratio of 92x but down from 953x back in December 2020
  
• Liabilities - no problems with debt
  

Technical Analysis (Elliott Waves):

• Since the fall of 2020 Tesla has enjoyed enormous 1600% increase in share price - no one can deny that it's a bubble of extreme proportions
  
• The crux of the Elliott Wave count is the movement between January 2021 and February 2022 - in this scenario a Running Flat is proposed as wave 4 with Ending Diagonal in wave C
  
• As one of the options, fifth wave may be quite rapid with a target to complete before the next report in July 2022
  

What do you think about this scenario on TSLA ?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.

Thanks

This is an update to the previous idea and specifically to the global wave 4 as a Running Flat