Still Think Tesla Is Expensive? This Stat Will Change Your Mind
Tesla (NASDAQ: TSLA) has probably been the biggest success story on the stock market in the last few years. Even after a pullback this year, the stock is up 1,500% over the past three years, rewarding investors who held through a volatile period with 16x gains.
Tesla's status as one of the biggest battleground stocks is also no secret. CEO Elon Musk may be as well known for making controversial remarks as he is for being a visionary leader, and critics have long cheered for the company's demise. They've argued at one point or another that Tesla is bound for bankruptcy, its results are only propped up by government credits, or that competition will come along and wipe out its premium valuation.
Bears love to argue that the company is massively overvalued, saying it's driven mostly by hype, and in some ways that charge makes sense. At recent prices, Tesla has a market cap over $750 billion, while larger automakers like Ford and General Motors are valued at just $48 billion and $51 billion.
Source Fool.com
