TESLA MOTORS INC – EV SUBSIDY TAPER TANTRUM ALERTGuest Post
TESLA MOTORS INC – EV SUBSIDY TAPER TANTRUM ALERT by Caleb Gibbons, CFA, FRM, the author has a short position in Tesla - Originally at IBankCoin. Reposted with permission
Tesla bears, Citron being the latest, have put forward many reasons why they think $TSLA is overvalued. Because it produces spectacular electric cars with Elon Musk at the helm (in the think tank) people are getting snowed into applying a sales multiple of upward of 6X while waiting for the required earnings (GAAP earning expected . . .
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