Tuesday, October 29, 2013

Electrifying Performance by Tesla: All Charged Up

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






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