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Tesla is one of the world’s highest-flying stocks. While optimism about the future of electric vehicles (EVs) is understandable, Tesla’s current valuation reflects aggressive assumptions about its dominance of the electric vehicle market and its array of ancillary businesses.
On the surface, Tesla
TSLA,
is a structural grower in EVs with potential network effects, significant first-mover advantages and seemingly limitless possibilities in adjacent businesses. These factors have propelled Tesla’s valuation to astounding levels. Aside from selling EVs, Tesla’s other service-oriented and ancillary businesses appear to offer immense potential.
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Source marketwatch.com
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