Investors are learning a painful lesson that Tesla’s stock price is valued on Elon Musk’s pomp and circumstance in addition to the automaker’s fundamentals.
“Is Tesla a great company that produces a great car? Absolutely. Is Tesla worth what General Motors should be or Ford or Toyota should be? Of course not,” veteran venture capitalist Bradley Tusk said on Yahoo Finance Live (video above). “So much of Tesla’s share price is based on hype and the pixie dust that Elon Musk is so good at…
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