Tesla Unhinged

This is a great time to be investing in Tesla – but unfortunately from the short side. Of course, there is risk, a lot of risk. So far this year Tesla has risen over 550 percent and many momentum traders predict a continued upward trend. From our perspective at Cornell Capital, however, the stock has already reached “ludicrous speed.” Never a stock that traded on the basis fundamentals, Tesla Inc’s stock has become so divorced from the underlying economics that it now exists in a kind of valuation twilight zone. At a market capitalization of over $550 billion Tesla currently has an equity valu…

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HEDGE accordingly