It's funny, I recently saw a comment scrolling across our ticker that noted we feature a lot of stories about Tesla. Well, duh. 

It only is the most interesting automotive company doing business today. Of course it will get more coverage as people's interest is strong in its product and more. 

Well, here's one more story for you.

While Agent 009 posted this same article from The Guardian and discussed the latest issues at Tesla concerning its working environment for its factory workers on the front lines, I think someone needed to point out the obvious. Perhaps not so obvious to some, at least. 

There's a lot of money on The Street that's shorting Tesla. That's because many investor theses come to the same conclusion: It is grossly overvalued. Turns out they're not alone because TSLA's own CEO, Elon Musk, agrees. 

See the excerpt from The Guardian here: 

...Musk also said that Tesla should not be compared to major US carmakers and that its market capitalization, now more than $50bn, is unwarranted. “I do believe this market cap is higher than we have any right to deserve,” he said, pointing out his company produces just 1% of GM’s total output.

“We’re a money-losing company,” Musk added. “This is not some situation where, for example, we are just greedy capitalists who decided to skimp on safety in order to have more profits and dividends and that kind of thing. It’s just a question of how much money we lose. And how do we survive? How do we not die and have everyone lose their jobs?”...

So, now what?

Do YOU think that shares of TSLA will continue pushing higher, or is the party set to end soon? Remember: The Model 3 is just around the corner.




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Tesla's CEO, Elon Musk, Admits That TSLA Is Overvalued — So, Now What?

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