It goes without saying that Tesla Motors (TSLA) is no ordinary company. You can’t really be considered ‘ordinary’ if you’re manufacturing the next generation of human transport vehicles – and even market analysts agree. They’re calling Tesla a technology company, rather than a conventional automaker. We’ll leave that discussion for another day, because right now Tesla has our attention for entirely different reasons.
Tesla stock is up 460% year-to-date, while sales are expected to grow fourfold to around 21,000 units by the end of 2013. Even though the mean market consensus for its stock price is around $155, Deutsche Bank (DB) recently upgraded it to $200. The Germans must be on to something, as Tesla’s stock is already trading at $185, at a 12-month forward price-to-earnings (P/E) multiple of 194x. Read More: BMW, F, GM, TM, TSLA, VLKAY