Elon Musk: Please Read Our Paper by Brad Cornell, Brad Cornell's Economics Blog
About six months ago, when Tesla was trading north for $250 per share, Aswath Damodaran and I published a paper arguing that a price of $250 per share was next to impossible to rationalize on a fundamental basis. Even making optimistic assumptions, we arrived at a fundamental valuation on the order of $100 per share. Since then, Tesla’s price has melted down to a less stratospheric $200. Still high by our reckoning, but not ridiculous. What is ridiculous is the recent statement by Elon Musk that within 10 years Tesla’s valuation may...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
