Another week, another stupid report about how Tesla is overvalued based on cars sold.
The latest blockheaded example, from Reuters, talks about how the market capitalization of Tesla Motors Inc. is “equivalent to $620,000 for every car it delivered last year, or $63,000 for every car it hopes to produce in 2020.”
With due respect to this reporter, that’s a stupid statistic, and only an idiot would think it’s important.
Read Full Article »