Currently it's going for $241.77 per share. You know what I think? I think they're overvalued completely. They only have two car models (now three), have sold only 30k units since they've released them and they're all for a specific base of people (rich folks). That's right, they're not for middle-class working people. While they may be releasing a new model part of the line soon for a starting price of $35,000 - don't you think major competitors such as BMW, Toyota, Ford and Honda will produce something much cheaper but with the same functionality of a Tesla vehicle (in respect to electric vehicles)?
Again, lets restate: it is going for NEARLY $250. Meanwhile, top competitors such as Toyota, Ford, and Honda are going for well under half. They serve a global market and sell around the world, and sell 80x more units than Tesla. If the top competitors are selling quintillions more in units worldwide, that should be a signal. It should tell you that the only reason why Tesla is being valued at what it is today is SOLELY because of hype. It is OVERVALUED.
There are so many better IPO's to invest in anyway! IBM, for one! Post your thoughts on my brilliant analysis please!
Submitted April 01, 2016 at 10:57PM by PatrickStarBestMan http://ift.tt/1qbTI24
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