“It’s a little pricey for me to jump back in,” he said, speaking by phone from his Model S. “Right now, I think we’re in a hold.”
Tesla’s high-profile chief executive, Elon Musk, has said the company expects to begin production this summer on its first mass-market offering, the Model 3, ramping up to 5,000 cars a month by the end of the year
and driving output to several hundred thousand cars over the course of 2018.
People are looking at the potential, and the old-fashioned analysis of fundamentals aren’t seen as important.”
Another question overshadowed by Tesla’s stock surge is whether the company can make the big leap to making, shipping, selling and servicing a half a million cars a year — a fivefold increase in production of cars
that are made out of thousands of parts and components.
Along the way, the market value of Tesla, which sold fewer than 80,000 cars last year and does not yet generate steady profits, has grown to $50 billion — roughly equal to
that of General Motors, which sold more than 9.8 million vehicles worldwide and earned $9.4 billion.
He is such a fan, in fact, that he has put down deposits to buy two Model 3 compacts once Tesla starts making the car later this year.
Tesla’s Market Surge Has Even Fans Looking for Feet of Clay -
By NEAL E. BOUDETTEAPRIL 11, 2017
In the past four weeks, exuberant investors have driven up the share price of Tesla, putting
the upstart in the league of car companies that have been in the business for a century.
“I think there’s too much enthusiasm in the market like with any growth company,” Mr. Cordaro said.
