The following is an excerpt from a forthcoming paper by ValueWalk guest contributor Dr. Brad Cornell. Dr. Cornell is a Professor at California Institute of Technology and is the mentor of Aswath Damodaran. Dr. Cornell and Aswath previously put together an academic study on Tesla Motors Inc. (NASDAQ:TSLA) valuation and they have just released a follow up piece on the topic. Also Dr. Cornell notes additional comments were made by Rob Arnott, John Haut, Jason Hsu, and May Huang (of Research Affiliates). Below is a brief interesting excerpt from the article which will be published in Journal of Portfolio Management.
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