When it comes to Tesla (TSLA), valuation is an unfashionable metric. For the electric car maker, there has been a major disconnect between the fundamentals and the valuation, and now, one analyst is getting to the bottom of it.Needham’s Rajvindra Gill tells clients he has never seen a stock “rise that much that fast with such little regard to past fundamentals.” Shares have skyrocketed 451% year-to-date, compared to the S&P 500’s 8% gain. To this end, he took a look at TSLA’s unprecedented valuation to eliminate the noise surrounding this company.As part of this analysis, Gill asked “three fundamental questions: …read more
Source:: Yahoo Finance
