Blog: A reality check on Tesla's share price
Dave Leggett | 23 September 2013
It's hard not to admire a visionary like Elon Musk. He's also taking on some pretty established companies to say that he can do things differently, that the electric vehicle is worth doing properly. And more than being a visionary, he appears to have a pretty good business brain and even a sense of humour.
A look at the Tesla share price and it's obvious that Musk has charmed investors. The Model S looks like a credible product and sales are rolling out. Tesla has even turned its first quarterly profit.
But hang on a second. We're talking 20,000 units of volume this year and there are sizeable risks attached to future earnings and the competitive environment. That share price is perhaps a little bit inflated. Interesting article from a writer at Forbes adds a little perspective.
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