Tesla Motors Inc (TSLA) And The Myth Of Scale

Tesla Motors Inc (NASDAQ:TSLA) shares may well hit a new high of over $150 on today's market. When the stock was approaching $50 and $100 investors and analysts pulled back a little. Questions about whether the niche car maker could possibly be worth that much abounded. This time is different—$18 billion is a lot for such a small company, and one that has shown no ability to scale its operations.

Successful scaling is exactly what investors putting $150 into a single share of the company are betting on. Tesla Motors Inc (NASDAQ:TSLA) itself has,...