IMO Tesla is one of the most over-priced stocks that I've ever seen. Even if demand for EV's goes through the roof, what makes investors think Tesla will corner the market on electric cars? Yes, they are cool cars. However, the numbers just don't add up.
> Recently, Tesla announced yet another safety recall, this time of 11,000 units of its high-end Model X SUV.
> On Friday the 13th reports surfaced that the company had suddenly fired hundreds of employees. Per Reuters
Tesla has accumulated losses of nearly $10 billion and does not look close to turning a profit. Now it appears the company is having trouble building its new, lower-priced Model 3 sedan.
The real "kicker" is that a five year old Tesla will have zero value because it will be due for a power pack replacement that will cost over $20,000.