The Forward Price to Earnings ratio analyzes the current stock price over analysts' estimated earnings per share. Investors  utilize the Forward Price to Earnings ratio to gauge whether expected earnings will decrease or increase in the next earnings period.  

Forward PE Ratio = Current Stock Price / Upcoming Est. Earnings per Share

Tesla's current stock price is at $950 and the predicted (Earnings per Share) EPS is $30, the Forward P/E would be 31.67.

The Forward PE Ratio is important because it signals potential changes in future earnings that may affect stock price and investor sentiment.