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Former PSA Chairman Says Teslas Valuation Makes No Sense

By info@topspeed.com (Robert Moore)
Tesla is a hot company with its own, growing community of fanboys that are relentless in sharing their beliefs. In some respect, its understandable some of the worlds largest automakers could learn a thing or two from Tesla. But can the company continue as it has? As reported by pymnts.com, Teslas market value just hit $820 billion on January 8, 2021, pushing the company into the top 5. This puts the company under Apple, Microsoft, Amazon, and Alphabet. This means Tesla has seen a 700-percent growth in market value over the last year, and Wedbush analyst Daniel Ives saying Tesla could become a $2 trillion company within two years. Is it sustainable and how is it possible?

http://feeds.topspeed.com/~r/topspeed/~3/RCM5SCCncaE/former-psa-chairman-says-tesla-s-valuation-makes-no-sense-ar190769.html

 

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