In Defense of Detroit (and Any Carmaker Not Called Tesla)
April 04, 2017 at 13:04 PM EDT
Buying Tesla stock would cost you about 190 times its estimated 2018 earnings. Yet Tesla will probably lose money this year, as it’s done every year since 2007. Even CEO Elon Musk mused that “Tesla is absurdly overvalued, but that's irrelevant. A stock price represents risk-adjusted future cash flows.” read more