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 by Q4 2016) to apply more traditional P/E metrics. The forward P/E multiple of Tesla is currently…
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