Tesla: How Much Is Hype and How Much Is Real?
One undeniable fact about Tesla (NASDAQ: TSLA), acknowledged by even the company's detractors, is that it practically invented the electric vehicles (EV) market. Experts who dismissed Tesla founder Elon Musk's initial pronouncements about the demand for a mass-produced electric car as just hype had to eat their words as the company established a whole new market.
Any other company in Tesla's place would have worked to capitalize on its initial success by making and selling as many cars as possible, fully leveraging its first-mover advantage. But Tesla investors have been waiting for that to happen for years, and every time it seems the company is getting its act together, bulls have flocked to the stock only to find themselves wrong footed one more time. Shares have been rallying again over the past several months, and that begs the question -- Will Tesla finally live up to its hype?
Image source: Tesla
Source Fool.com
