Tesla would need to grow earnings at a very high rate over an extended span to justify its current stock multiple.

Tesla stock outperformed its "Magnificent Seven" peers and the broader Nasdaq Composite index during the month of May.

Whether you decide to go in on the stock before June 12, remember that a single event (in most cases) should not be the driving force behind any stock transaction. Foolish investing involves making buying and selling decisions based on the long-term thesis around a company rather than short-term events that could move a stock's price.