Tesla is slated to report second-quarter results after the market closes on Wednesday, after deliveries fell short of estimates earlier this month.

Despite these issues, Tesla investors appear to be convinced that the company will experience a surge in sales trends at some point. This is evident by the wild premium the stock commands. Shares trade at a price-to-earnings ratio of 169 as of this writing. A valuation like this bakes in huge sales and earnings growth for years to come.

Retail messages on Stocktwits about EV giant Tesla Inc. (TSLA) have declined by about 28% over the past seven days, ahead of the company’s second-quarter earnings. Tesla is scheduled to report its second-quarter (Q2) earnings after the market closes on Wednesday,